Hyperliquid News Today: Buddy's Cautious Moves Clash with Hyperliquid's Bullish Surge

The cryptocurrency market is closely watching the cautious moves of high-profile trader "Buddy" (Huang Licheng), who recently added approximately $14,000 in margin to his Hyperliquid account—far below the scale of his earlier, more aggressive bets. This activity, tracked by on-chain analyst Lookonchain Lookonchain report, underscores a shift in strategy for the trader, who has been navigating the volatile post-October 11th market environment with smaller, incremental adjustments.

Huang's recent deposit of 13,937 USDC to Hyperliquid suggests he may continue holding long positions in Ethereum (ETH) and Hyperliquid's native token (HYPE). This contrasts sharply with his earlier, larger-scale actions, such as a $220,000 USDC deposit in late October to amplify his ETH and HYPE exposure Cryptobriefing article. At the time, he added 3,300 ETH ($13 million) and 101,000 HYPE ($5 million) to his leveraged positions, reflecting heightened confidence in the market. However, since suffering a $12.56 million loss during the October 11th crash, Huang has adopted a more measured approach, transferring only $1.85 million to Hyperliquid over the past two weeks while retaining $1.13 million in his wallet MEXC notice.

The broader Hyperliquid ecosystem, meanwhile, is gaining momentum. HYPE has surged 25% to $48.70, driven by $624 million in daily trading volume and $21.15 million in weekly decentralized finance (DeFi) revenue, as noted by Lookonchain. Institutional interest is also rising, with Hyperliquid Strategies filing an SEC application to raise $1 billion for HYPE acquisitions and staking Bitget report. The platform's native blockchain, Hyperliquid L1, has contributed $132,590 in daily revenue, while cross-chain bridge Unit added $32,383, further solidifying the ecosystem's profitability CryptoTimes analysis.

Technical indicators and on-chain data suggest HYPE could break out to new highs. The token is approaching a key resistance level at $51.15, with a potential 54% rally to $61.5 if it clears the $41–$42 range, per the Bitget reporting above. Aroon Up readings (71.4%) and a recovering RSI (61) indicate sustained buying pressure, while short liquidations near $41–$42 could trigger forced coverings FXStreet forecast. Open interest in Hyperliquid derivatives has surged to $1.97 billion, the highest since October 11, and funding fees have accumulated to $104.9 million, with shorts paying more to maintain positions—signaling emerging bullish momentum, according to CryptoTimes.

Whale activity remains mixed, with $7.2 billion in open trades split nearly evenly between longs (47.02%) and shorts (52.98%), per CryptoTimes. However, recent price action has favored bulls, with long positions generating $182.6 million in profits versus $222.7 million in short losses. This dynamic has been amplified by Hyperliquid's October 23 listing on Robinhood, which expanded retail access and injected fresh liquidity, as noted by Lookonchain.

Huang's cautious strategy reflects broader market uncertainty, yet his continued exposure to HYPE and ETH signals underlying confidence. With Hyperliquid's ecosystem demonstrating resilience and institutional support, the platform is positioned to remain a focal point in the DeFi space. Traders will closely monitor Huang's next moves, as his history of large, leveraged trades has often influenced market sentiment.