The post Hyperliquid: Can a $2.3 mln whale buy drive HYPE to $50? appeared on BitcoinEthereumNews.com.

Hyperliquid [HYPE] has traded within an ascending channel since it held $35 a week ago, touching a two-week high of $40.9. As of this writing, HYPE traded at $40.4, up 4.7% on the daily charts, adding to its 14% weekly gains.  With market conditions turning suitable, whales have taken the opportunity to re-enter the market.  Hyperliquid whale adds $2.3 million worth of HYPE Whales have continued to accumulate HYPE, especially as it shows strong upside momentum. According to Lookonchain, a newly created wallet deposited $5 million into HyperLiquid and began buying HYPE after it crossed the $40 mark.  So far, the whale has purchased 59.2k HYPE worth $2.3 million. Still, the account holds $2.6 million in USDC, likely to be used for more purchases. With HYPE holding above the entry price, the whale is already up $10k. Usually, when whales enter the market during an uptrend, it signals confidence and helps defend higher levels.  Coupled with that, whales have seen their profit margin surge amid the recent gains. Onchain Lens reported that a whale who held a 5x long position since the 6th of December 2025 is now erasing all losses.  Source: Onchain Lens After HYPE dropped below $20, this whale saw his position go down by over $26 million. Despite the deep, the whale kept covering his position, losing $1.9 million in funding fees in the process.  However, with HYPE now trading above $40, the whale’s floating profit is over $2.77 million. Such determination to hold a losing position for five months showed confidence in the market.  Source: Coinalyze Besides this whale, the market has seen an influx in demand for long positions. Coinalyze data showed that the altcoin’s Long/Short Ratio rose to 1.41, with 58.5% of positions held by longs. This implied that most market participants flipped bullish and deployed…

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Filed under: News - @ April 10, 2026 11:28 am