Hyperliquid has been on a roll, but HYPE price is facing its stiffest test yet as prominent whales begin to cash out massive positions. High Stakes Capital, a well-known entity in the space, has fully exited a 602,421 HYPE position, securing approximately $22.9M in profit.
This major liquidation, executed at an average price of roughly $38.08, has sent ripples through the derivatives market. While the HYPE price has shown resilience, up +6% on the day and trading near $41.20, recent data suggests the sheer volume of sales suggests smart money might be rotating capital in line with broader market shifts.
It comes as the broader market climbed +1% on the day, taking the total crypto market cap back above $2.5 trillion, with 24-hour trading volume across all tokens surpassing $100Bn.
Can HYPE Price Maintain Momentum Above $40?
The recent price action for Hyperliquid has been defined by a struggle between institutional accumulation and whale profit-taking. Currently trading at $41.30, the token is hovering precariously close to its recent transaction averages.
The exit by High Stakes Capital wasn’t a panic dump but a systematic scaling out, selling into strength around the $38–$40 range. This behavior often acts as a ceiling on prices; whenever the token rallies, sell orders absorb demand.
The OG High Stakes Capital (@HighStakesCap) is selling $HYPE.
In the past 2 hours, it has sold 300,000 $HYPE for $11.45M at an average price of $38.17. It still holds 302,421 $HYPE (~$11.54M) and is up over $33.2M in profit.https://t.co/RVFhwJkZKw pic.twitter.com/eVUmlOqnz6
— Onchain Lens (@OnchainLens) March 23, 2026
Technically, forecasts suggest significant volatility ahead. Support lies firmly at $30, a level that must hold to prevent a bearish breakdown. Conversely, resistance is stacked near the recent highs of $39.45 and the cycle peak of $43.51. If bulls can push the price decisively past $44, blue skies open up toward aggressive targets like $150, as some industry veterans have predicted.
However, short-term indicators are flashing warnings. With the Fear & Greed Index reading “Extreme Fear” (14) and 24-hour changes dipping nearly 6%, the momentum favors the bears for now. The 13.88% volatility over the last month indicates that while traders are active, direction remains uncertain. A drop below $36 could trigger a cascade toward that $30 support level.
DISCOVER: The Next 1000x Crypto Gem Before It Lists on Exchanges
Bitcoin Hyper Targets Early Mover Upside as HYPE Consolidates
While Hyperliquid battles conflicting signals near its all-time highs, capital is beginning to look for the next aggressive growth play. Investors who missed the early entry on HYPE, accumulating 600% gains before this consolidation, are now rotating into infrastructure projects with lower market caps and higher potential ceilings. The focus is shifting toward Bitcoin Hyper ($HYPER), a project attempting to solve Bitcoin’s oldest problem: speed.
Bitcoin Hyper positions itself as the first-ever Bitcoin Layer 2 to integrate the Solana Virtual Machine (SVM). This unique technical architecture aims to deliver sub-second transaction finality on Bitcoin, something the legacy chain has never achieved. The market response has been quantitatively strong, with the presale raising exactly $32M to date.
At the current presale price of $0.0136775, the entry point is significantly lower than established derivatives tokens. The project offers high APY staking rewards (specific rates vary) to incentivize long-term holding.
However, presales always carry execution risk; the challenge will be delivering the promised mainnet performance. Yet, with Bitcoin hovering near key levels, narratives about its programmability are gaining serious traction.
For investors priced out of mature assets like $HYPE, this represents a “picks and shovels” play on the broader Bitcoin ecosystem.
Visit the Bitcoin Hyper Presale Website Here.
EXPLORE: Top Crypto Presales to Watch Now
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