Hyperliquid(HYPE) price prediction: volume plummets, whale cut loss leaves the market waiting for direction choice.

HYPE Deadlocked: $38-$41 Narrow Range After soaring to $45.7 a few weeks ago, the price of Hyperliquid (HYPE) tokens seems to have hit the brakes, falling into a stagnant consolidation range, fluctuating narrowly between $38 and $41. There is neither upward momentum nor a deep correction, and the cryptocurrency market is in a stalemate. Trading volume has dried up, market activity has plummeted, and current traders seem to either find cryptocurrency trading boring or are quietly exiting.

Buyers "disappear", the market is left with only echoes On-chain data from Artemis shows that the daily token trading volume of HYPE has plummeted to just $143.3 million, hitting a three-month low. This is not just "a bit slow", it's practically a market blackout. New buyers are unwilling to enter, and among existing holders, some have begun to panic.

Whales cut losses and withdraw investments, selling over 215,000 HYPE The on-chain analysis platform Onchain Lens has detected that a whale address sold 215,850 HYPE, cashing out approximately 8.37 million USD. The key point is: this whale's operation resulted in a loss of 290,000 USD. This is not a profit-taking move, but rather a cutting losses exit. When a whale chooses to sell at a loss, it usually indicates that they are not just worried, but have completely given up. This move drags market sentiment into the negative zone — the weighted market sentiment index has fallen to -1.229, hitting a one-month low. This is not just a pullback, but the spread of panic in the crypto market.

Derivatives Market: Bears Quietly Positioning The futures market is equally bleak. According to DefiLlama data, the perpetual contract trading volume of HYPE has plummeted from a recent high of 8.7 billion USD to 2.436 billion USD. Trader interest is tepid. Worse still, the remaining traders seem to lean towards shorting. Coinalyze data shows that the funding rate has turned negative (-0.0006), which is a dangerous signal. In a market lacking attention, such implicit short positions often accumulate quietly. But the key point is that the market also lacks a clear directional momentum. The entire market seems to be cautiously observing, and this is precisely the typical breeding ground for a short squeeze (Short Squeeze) that could suddenly erupt and slaughter the shorts.

Break below $36? Or a short squeeze rebound to $41? AMBCrypto's latest interpretation of technical indicators is not optimistic: Stochastic RSI ( has fallen from 74.12 to 62.10 after forming a bearish crossover; RVGI ) has dropped to 0.0917, indicating a potential further weakness in the future. If these signals persist, HYPE token price prediction has a high probability of sliding towards $36.8 support level.

However, if spot buyers suddenly enter the market (especially when a large number of traders are holding short positions), the HYPE price is very likely to surge quickly, instantly reclaiming the $41 level, triggering a cryptocurrency short squeeze.

Core Conclusion: Waiting for a Breakthrough The current market is in an awkward position. No one can confidently assert the next direction. This is a waiting game for the decision on the direction of the crypto market—whichever side, bull or bear, takes action first may completely disrupt the current situation and trigger violent fluctuations in token prices.