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With a 12% price surge, Hyperliquid [$HYPE] extended its rally for a sixth consecutive day. Whale and institutional demand continued to support the move.
At press time, $HYPE traded at $71.75, up 12% over the past 24 hours. Trading volume also jumped 98% to $1.33 billion, reflecting strong market participation.
The rise in volume alongside price suggested investors remained confident in the ongoing uptrend.
Why are big investors buying $HYPE?
Growing interest from whales and large market participants continued to support $HYPE’s rally.
Recently, Onchain Lens reported that a whale deposited $5.5 million in USDC to Hyperliquid and opened a long position on 120,000 $HYPE worth $7.86 million using 10x leverage.
Meanwhile, another analyst reported that wallet address 0xf7A withdrew 47,000 $HYPE worth $3.16 million from Bybit.
On top of that, Wall Street investors appeared to be following a similar trend. According to SoSoValue, $HYPE spot ETFs recorded $17.19 million in inflows on the 15th of June 2026. The inflows pointed to growing demand from traditional investors and added another layer of support to the rally.
Are traders still betting on upside?
Derivative traders also appeared to be backing the move.
At press time, $HYPE’s Long/Short Ratio stood at 1.06, indicating bullish positioning among traders.
Meanwhile, the OI-Weighted Funding Rate turned positive and climbed to 0.0346%. This suggested that traders were willing to pay a premium to maintain long positions. That alignment between whale activity, ETF inflows, and derivatives data reinforced the bullish outlook.
Can $HYPE reach $76?
According to TradingView’s four-hour chart, Hyperliquid [$HYPE] maintained a bullish short-term structure.
The altcoin also traded above the 200-day Exponential Moving Average (EMA), indicating that buyers remained in control. Based on current price action, $HYPE could retest $76 if it holds above the $65 support level.
A breakout above $76 could open the door to a new all-time high. However, failure to clear that level may trigger another pullback. That history kept traders focused on a resistance area that previously rejected the price on the 2nd and 4th of June 2026.
Further supporting the bullish case, the Average Directional Index (ADX) climbed to 34.47. A reading above 25 typically signals a strong trend.
Final Summary
- $HYPE gained 12% and extended its winning streak to six consecutive days.
- Whale accumulation, ETF inflows, and bullish derivatives data continued to support the rally.