ambcrypto.com 
With a 12% price surge, Hyperliquid [$HYPE] extended its rally for a sixth consecutive day. Whale and institutional demand continued to support the move.
At press time, $HYPE traded at $71.75, up 12% over the past 24 hours. Trading volume also jumped 98% to $1.33 billion, reflecting strong market participation.
The rise in volume alongside price suggested investors remained confident in the ongoing uptrend.
Why are big investors buying $HYPE?
Growing interest from whales and large market participants continued to support $HYPE’s rally.
Recently, Onchain Lens reported that a whale deposited $5.5 million in USDC to Hyperliquid and opened a long position on 120,000 $HYPE worth $7.86 million using 10x leverage.
Meanwhile, another analyst reported that wallet address 0xf7A withdrew 47,000 $HYPE worth $3.16 million from Bybit.
On top of that, Wall Street investors appeared to be following a similar trend. According to SoSoValue, $HYPE spot ETFs recorded $17.19 million in inflows on the 15th of June 2026. The inflows pointed to growing demand from traditional investors and added another layer of support to the rally.
Source: SoSoValue
Are traders still betting on upside?
Derivative traders also appeared to be backing the move.
At press time, $HYPE’s Long/Short Ratio stood at 1.06, indicating bullish positioning among traders.
Meanwhile, the OI-Weighted Funding Rate turned positive and climbed to 0.0346%. This suggested that traders were willing to pay a premium to maintain long positions. That alignment between whale activity, ETF inflows, and derivatives data reinforced the bullish outlook.
Source: CoinGlass
Can $HYPE reach $76?
According to TradingView’s four-hour chart, Hyperliquid [$HYPE] maintained a bullish short-term structure.
The altcoin also traded above the 200-day Exponential Moving Average (EMA), indicating that buyers remained in control. Based on current price action, $HYPE could retest $76 if it holds above the $65 support level.
Source: TradingView
A breakout above $76 could open the door to a new all-time high. However, failure to clear that level may trigger another pullback. That history kept traders focused on a resistance area that previously rejected the price on the 2nd and 4th of June 2026.
Further supporting the bullish case, the Average Directional Index (ADX) climbed to 34.47. A reading above 25 typically signals a strong trend.
Final Summary
- $HYPE gained 12% and extended its winning streak to six consecutive days.
- Whale accumulation, ETF inflows, and bullish derivatives data continued to support the rally.
