Hyperliquid Drops 4.7% Despite Whale and Institutional Buying

Hyperliquid's latest price was $40.14, down 4.699% in the last 24 hours. The cryptocurrency has been attracting significant attention from large entities, with two major purchases reported in the past day. Tony G Co-Investment Holdings Ltd, a Canadian company, completed a significant purchase of Hyperliquid, acquiring 10,387.685 HYPE tokens as part of its long-term digital asset strategy. This move marks a significant step in the company's shift toward decentralized finance. Additionally, a whale purchased 715,917 tokens, further signaling confidence in the asset. Such accumulation by large entities often incentivizes other players, especially retailers, to open positions, thereby creating strong demand.

Despite the aggressive buying by whales and institutions, retailers have shown a different level of engagement. Hyperliquid’s Spot Retail Activity Through Trading Frequency Surge has declined over the last four days, indicating that retailers are not as active in the spot market. However, retailers are extremely active in the Futures market, suggesting that they are actively gambling on HYPE, anticipating the altcoin’s next move. This bullish sentiment among retailers is evident as they take long positions, expecting prices to rally.

Hyperliquid's recent activity has been marked by significant whale movements and institutional interest. As the token approaches $50, market interest remains strong, with analysts pointing to increasing trading volume and a solid support base as reasons to believe that $50 could be the next price target. Despite short-term traders cashing out, long-term supporters remain optimistic due to the project’s strength in delivering on-chain perpetual contracts and maintaining platform growth. With HYPER trading above important support zones, many wonder whether the current levels still offer upside or if the major run has already passed.

Hyperliquid's price action remains constructive across both the 4-hour and daily charts. As of June 14, the price has rebounded sharply from the $39.20 demand block, regaining strength to challenge overhead resistance at the $44.20 level, which marks a previous high and key supply zone. On the 4-hour timeframe, the price has reclaimed the 20/50/100 EMA cluster, with the 20 EMA now curving upwards around $40.87 and supporting the move. The Keltner Channel bands have also started widening, which often signals growing Hyperliquid price volatility and the start of an impulsive phase. Volume profile analysis shows a concentration of buy-side interest building above the $39.20 level, with visible node support at $41.60 and a key value area near $42.10. The recent reclaim of these zones, combined with higher lows, suggests a bullish accumulation phase.

The Smart Money Concepts chart highlights multiple BOS (Break of Structure) points above $39, followed by bullish CHoCH (Change of Character) patterns forming since June 7. This series of higher lows and reclaimed demand zones confirms that market participants are gradually shifting toward long positioning. Notably, a “weak high” is plotted just above the $44.20 level, hinting that this resistance is susceptible to a potential liquidity sweep. If Hyperliquid price spikes above this level and closes strongly on high volume, it could open up the path toward the $46.00–$47.50 range in the coming days. On the daily chart, the asset remains comfortably inside the upward sloping parallel channel, with the midline acting as a dynamic support since early May. Price is currently consolidating just below the upper boundary, signaling possible breakout potential as long as the trendline base near $39.00 continues to hold.

Momentum indicators are aligned with the bullish structure. The 30-minute RSI stands at 59.51, up from lows near 40 seen on June 13. The slope is pointing upward, indicating rising short-term momentum without yet entering overbought territory. The MACD shows a recent bullish crossover, with the signal line and histogram now in positive territory. This confirms strengthening buyer momentum, especially as the MACD lines diverge. The VWAP indicator also supports the bullish outlook, with the price currently trading above the VWAP line, suggesting that the current trend is supported by strong buying pressure. The DMI further validates this bullish momentum, with the +DI line above the -DI line, indicating that the upward trend is likely to continue in the near term.