HYPE Shows Strong Buyer Control as Cascading Liquidations Wipe Out Short Positions

Description

HYPE’s rally to $40 shows strong bullish momentum fueled by rising open interest. Liquidation spikes near $42 confirm buyers’ control and wipe out overleveraged shorts. Technicals suggest strength, but RSI near 70 signals caution amid possible short-term cooling. Hyperliquid (HYPE) is on the verge of a potential breakout, with BitMEX Co-Founder Arthur Hayes signaling a sharp move ahead as multiple on-chain and technical indicators align. After a powerful V-shaped recovery from its April lows nea...