It Looks Like Hyperliquid [HYPE] Is on a Tear Right Now, Pulling in Capital from Just About Everywhere

It looks like Hyperliquid [HYPE] is on a tear right now, pulling in capital from just about everywhere. However, according to AMBCrypto, with a 110% month-over-month ROI

Hyperliquid [HYPE] has been rolling up capital from just about every source imaginable and, according to AMBCrypto, this move is less about explosiveness and 110% month-over-month ROI. Instead, it’s strategic.

As opportunistic shorts load up in anticipation of a reversal, the question remains – Will the short pressure cool things down or could it instead spark the latest explosive leg up?

Betting against the trend – Smart move or risky bet?

Coinglass data (4H) revealed that 60.7% of accounts across exchanges have been betting bearish. In other words, shorts may be circling.

This aligns with the fact that HYPE is just 4.44% away from a new all-time high, with traders setting up classic reversal setups. Technically speaking, this move might feel like textbook timing.

And, the warning signs are flashing too. At the time of writing, HYPE’s RSI was at 85, signaling ‘overbought’ territory, while the price already slipped 2.58% to tap a low of $37.53.

Source: TradingView (HYPE/USDT)

Now, that’s the kind of heat that invites short interest, and maybe even sparks some profit-taking. Case in point? A once-dormant whale just made a power move.

According to Lookonchain, the wallet accumulated 1.45 million HYPE between 7 December 2024 and 9 January 2025, at an average cost basis of $18.39 – Totaling a $26.58 million capital outlay.

Fast forward to this week – The whale sold 395k HYPE at $36.69, generating $14.51 million in returns. However, that’s just the start. Notably, 1.05 million HYPE is still being held, currently valued at $40.5 million.

Unlike previous short attempts, this wave of short positioning coincides with a real whale distributing holdings, making it feel less speculative and more tactical. If that trend holds, the bears might actually be playing it smart this time.

Why FOMO is HYPE’s greatest catalyst

In a bull market, every liquidity event becomes someone else’s entry point. Right now, it looks like HYPE bulls may be playing by that rulebook with conviction.

Right after one whale’s multi-million dollar exit triggered jitters of a possible top, the tables flipped fast.

In fact, Lookonchain data flagged three new deep-pocketed players jumping in, scooping up 137,921 HYPE tokens worth a combined $5.33 million. Their average buy-in? A confident $38.50.

Of course, short-term volatility might kick in as smart money locks in gains. But the FOMO is still very much alive – and that’s HYPE’s biggest edge.

The shorts might think the coast is clear, but with heavy accumulation stacking near resistance, any short squeeze could ignite a powerful breakout. In other words, a new all-time high might be within reach.