Back
HYPE rises to near $76.70 record as Hyperliquid open interest tops $1.3 billion

HYPE rises to near $76.70 record as Hyperliquid open interest tops $1.3 billion

The token extended a six-day rebound from about $53 as elevated derivatives activity, short liquidations, stronger platform usage and ETF-related buying pushed Hyperliquid’s native asset to a new high.

BTC
HYPE

Fact Check
Every component of the claim is corroborated by the supplied BlockBeats primary flashes and an independent Binance Square syndication. Flash 351225 and the Binance post confirm the ~6% rise and Hyperliquid open interest topping $1.3 billion plus $470M volume. Flash 351459 confirms the six-day rebound from ~$53. Flash 351494 confirms HYPE climbing above $70 and the largest HYPE whale's $42.7 million profit. Flash 351516 confirms the new ~$12.06 million BTC long. Figures are mutually consistent across multiple sources.
Summary

Hyperliquid’s HYPE token extended a six-day rebound on June 16, climbing from a recent low near $53 to above $70 and then to a fresh all-time high near $76.70. The move came as HYPE open interest topped $1.3 billion and 24-hour volume reached $470 million on Hyperliquid, according to HyperInsight, while the newer report also linked the rally to stronger platform activity, short liquidations and ETF-related buying. The advance lifted the largest on-chain HYPE long address, identified as "0x082e," to an unrealized profit of $42.7 million on a 1.38 million HYPE position opened at an average $38.67 with 5x leverage, even as a further margin withdrawal raised its liquidation price to $53.39. Separately, HyperInsight said trader "0x960" opened Hyperliquid’s largest new position of the day, a 15x leveraged long on 181.6 BTC worth about $12.06 million at an average entry of $66,067, with liquidation at $61,947.

Terms & Concepts
  • Open interest: Total value of outstanding derivatives positions.
  • Short liquidations: Forced closure of leveraged bearish positions, which can add upward price pressure.
  • Liquidation price: The price where a leveraged position is forcibly closed.