——In-depth Analysis: Why is Hyperliquid rewriting the valuation logic of the crypto market with "absolute liquidity monopoly"?

After experiencing initial turbulence, the wealth effect of the entire crypto market is crazily converging towards the same core asset.

If you open the AiCoin monitoring system, you will be shocked by a set of extremely brutal data: The native token HYPE of Hyperliquid, after breaking through previous highs, surged in a short period to reach a historic high (ATH) of $62.596! With epic positive stimuli such as Coinbase becoming the official USDC treasury deployer for Hyperliquid, this wave of main upward movement is skyrocketing with a posture of "buying floor, short sellers getting wiped out." This is by no means ordinary retail speculation; Wall Street, Silicon Valley venture capital giants, and on-chain top whales are joining forces to launch a "great encirclement" against HYPE holdings.

1. Technical Breakdown: Breaking Through the Giant "Cup and Handle Pattern," the Main Upward Wave Cap Has Been Completely Overturned

Combining the latest AiCoin on-chain real-time radar K-line chart:

 

• A textbook-like "Cup and Handle Breakout": The washout and bottoming of HYPE since mid-April has outlined an extremely perfect "cup and handle pattern" on the daily and 3-day chart levels. The $45-47 range, where top venture capital firms like a16z secretly accumulated, is the critical neck line of this giant cup and handle.
• Strong volume at high levels, short sellers becoming fuel: As the $50 barrier was kicked open by a universal buying force, HYPE directly entered a "no-resistance vacuum zone" on the technical front. During the surge to $62.596, the 4-hour moving average (EMA) presented a perfect vertical bullish upward divergence pattern. This extremely strong short squeeze trend indicates that every brief pullback is institutions and smart money frantically grabbing chips.

2. Core Soaring Code: Multiple Epic Fundamental Resonances, What Justifies HYPE Breaking the Valuation Myth?

1. Spot ETF Launch Absorbing $22 Million, Wall Street's Money Printer Forcing Liquidity Dry

The solid financial foundation for this surge comes from traditional regulatory forces' "open purchases." Hyperliquid’s spot ETFs by Bitwise (BHYP) and 21Shares (THYP) have officially been listed, achieving a net inflow of $22 million in just a few days. Bloomberg analysts candidly mentioned that in terms of "market cap adjustment inflow ratio," HYPE ETF directly outperformed Bitcoin during the same period. The issue of ETF issuers in the secondary market being unmoved by "only buying and not selling" is causing an unprecedented physical scarcity in HYPE's circulating supply.

2. Silicon Valley Venture Giants Committed to Locking Up, Super Whales Stubbornly Hold $63 Million in One Address

On-chain data shows that top whales have exhibited an almost fanatical commitment to locking up HYPE:

 

• Single Address(0x082e...ca88) Current total position value has surged to $79.1575 million, with unrealized gains approaching $25 million!

 
Address:
0x082e843a431aef031264dc232693dd710aedca88

 

• The Silicon Valley venture capital myth a16z has been confirmed to use multiple wallets to secretly gulp up around $900,000 worth of chips near $45. The synchronization of the big guys and venture capitalists in the "lockup and sell not" strategy has made it impossible for shorts to borrow enough selling chips in the market.

3. Short Sellers Continuously Suffer Passive Short Squeeze

In the last 16 hours, HYPE’s trading volume crazily surpassed $710 million, with a net active purchase of up to $86.58 million. As the price broke through the core battle points of $45 and $50, the rapid liquidation of shorts instantly amplified the uptrend, with over 810,000 coins being liquidated in just 4 hours. Currently, as the open interest (OI) continues to surge, the residual short positions stacked above $55 are becoming HYPE's next "rocket fuel" for a push towards $70.

3. Platform Strength Crossing Borders: The Ultimate Interplay of HIP-4 Prediction Market and Commodity Pricing Power

Why are Wall Street and top venture capitals willing to bet so heavily on an L1 derivatives network? Because the technical and asset absorption power exhibited by Hyperliquid has already delivered a dimensionality reduction strike to traditional finance (TradFi).

1. Everything Can Be Perpetual (SpaceX Pre-IPO): The platform allows permissionless tokens and derivatives to be parachuted in via the HIP-3 protocol. The SpaceX Pre-IPO perpetual contracts (SPCX-USDC) launched by Trade.xyz achieved $33 million in trading volume and $21.8 million in open contracts (OI) on the first day. HL has directly shattered the astronomical threshold for ordinary people to allocate top unlisted equity.

2. On-chain Counterattack by the King of Commodities (Natural Gas and Crude Oil): Not only equities but also macroeconomically sensitive, high-frequency pricing natural gas (NATGAS) and crude oil (WTI) have completely exploded on this chain. NATGAS/USDC perpetual contracts surged daily beyond the new high of 3.2853 stages.

3. God’s Eye View Clearing Engine (0 Bad Debt Records): In the recent market spike, Hyperliquid leveraged its L1 kernel’s millisecond native clearing system, digesting billions in clearing orders within seconds while maintaining an astonishing financial discipline of 0 bad debt (Zero Bad Debt). This unbeatable risk control is the ultimate protective barrier that allows large funds to leverage heavily here.

4. Ultimate Outlook: Breaking Through $62 is Just the Prelude, Where is HYPE’s Stars and Sea?

Data and technology never lie. Under the underlying logic of 97% platform fees being processed through an automated buyback mechanism (AF) for all-weather absolute deflation, combined with the impending explosion of the HIP-4 result prediction market, HYPE has completely freed itself from the traditional "platform token" valuation model.

As the century resistance level of $60 is crushed by frenzied buying, HYPE's daily bullish trend is positioned within the healthiest "main upward wave segment." Top research institutions on Wall Street generally predict that the inertia of this short squeeze will directly push HYPE towards the next strategic targets of $71—$75, and potentially escalate to three digits ($100+) during the explosive bull market in the second half of 2026.

In the face of such a gap-level asset, rather than observing nervously from the sidelines or frequently hitting the top, the smartest strategy is to immediately join this massive wealth meat grinder.

Hyperliquid: Breaking Traditional Barriers, Rapidly Allocating Core Assets

In the face of explosively powerful core assets, traditional U.S. stock brokerage issues such as slow account opening, difficulty in capital injection, and restricted trading hours often lead investors to miss great opportunities. Now, Hyperliquid provides a transaction solution akin to a dimensionality reduction strike for global investors through its innovative on-chain derivatives mechanism.

1. Core U.S. Stocks, All in One Go Thanks to Hyperliquid’s powerful HIP-3 mechanism (allowing community permissionless asset deployment), most core U.S. stocks (like NVDA, AMD, MU, MSFT, GOOG, AMZN, META, etc.) can now be traded directly on the platform.

2. 7x24-hour All-weather Trading AI industry news often comes suddenly. On Hyperliquid, you are no longer limited by the opening hours of the U.S. stock market. Whether it’s the weekend or late at night, as long as there’s a market trend, you can trade and hedge at any time.

3. Bidirectional Long and Short, Maximizing Capital Efficiency Hyperliquid supports perpetual contract trading, which means you can flexibly use leverage (some assets support up to 50x). In a determined long-term trend, you can amplify returns by going long; when encountering temporary pullbacks, you can quickly short to hedge risks.

4. Zero KYC, USDC Instant Settlement Say goodbye to complicated wire transfers and identity verification. Simply connect your OKX wallet, use USDC to start trading with one click, and all orders are confirmed on-chain in milliseconds.

The wealth code for the next five years has already been written on the board, and Hyperliquid is your most efficient execution tool. Now, by registering on Hyperliquid with AiCoin exclusive invitation code AICOIN88, you can not only experience silky on-chain U.S. stock trading but also enjoy a permanent 4% fee rebate.

Actual Operation is Super Simple:

Step 1:

Open Hyperliquid BTC/USDC K-line in AiCoin.

Step 2: Find the toolbar, check the lightning quick order.

Step 3: Click the green "Buy Long" or red "Sell Short" → Instant Execution.

Now register for Hyperliquid using AiCoin exclusive invitation code AICOIN88 and enjoy a permanent 4% fee rebate.
https://app.hyperliquid.xyz/join/AICOIN88

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📖 Beginner Tutorial:

- "AiCoin PC Hyperliquid Authorized Trading Tutorial":

https://www.aicoin.com/zh-Hans/article/514197

- "Zero Basics Entry! Detailed Illustrated Tutorial for First-Time Trading on Hyperliquid":

https://www.aicoin.com/zh-Hans/article/510225

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