Hyperliquid’s HYPE price is currently trading near $32, which is about as reliable as a toaster that’s been left in the oven for 10 minutes. 🍞🔥
spot and futures volumes are down by roughly a third from recent highs and open interest has eased a few points, a mix that often produces sudden air pockets once price starts to move. 🧨
Social media sentiment
Scroll through X and the split is obvious. One camp argues HYPE is just slow beta, lagging the rest of the market and tugging on the index rather than breaking down on its own, while another folds the recent underperformance into a broader shift toward lower risk in majors and high-beta names. A louder group claims the Assistance Fund is quietly scooping up tokens while HYPE trades like stressed paper, insisting the market has lost perspective and that current levels look more like a temporary disconnect than a fair clearing price. 🧠🌀
HE RISKED HIS ENTIRE $10M ACCOUNT ON 3X LEVERAGE
Whale trader 0xBd8c is long $30M of HYPE on Hyperliquid, with $10M in his account as margin. He is already up $2.5M, with a liquidation price at $22.5 HYPE.
Will he cash out, or let it run?
– Arkham (@arkham) December 4, 2025
The chart, for now, refuses to pick a side. HYPE is still walking lower inside a descending channel that has capped rallies since late summer, with the 33-35 dollar band acting as the pivot where both bulls and bears keep testing each other. A decisive daily close below that zone would quickly pull the 28-30 dollar area into focus as a likely liquidity pocket and stop cluster, while a clean reclaim and hold of the 36-37 dollar “distribution” area would hint that sellers are finally running out of inventory and reopen space toward 40 and above into year-end – but only if bigger flows, healthier funding and firmer open interest come back with it. 🧭
Put into odds, the near term still tilts slightly to the downside. The fresh supply overhang and softer speculative participation make a retest of the high-$20s the base case, with a lower-probability path where HYPE squeezes back through $37 if macro risk stabilizes and the Assistance Fund’s bid is strong enough to chew through what is left of the unlocked supply. 🧠🌀
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2025-12-05 17:23