Can Hyperliquid Get Back to $70?

HYPE Price dropped to around $56.77, marking a daily decline of over 8%. Market capitalization remains near $12.6 billion, with 24-hour trading volume exceeding $1 billion, indicating high liquidity despite strong selling pressure.

The decline was triggered by profit-taking, including from Arthur Hayes.

According to Lookonchain data, Hayes sold nearly $18 million in HYPE ahead of the peak. This high-profile sale contributed to a nearly 20% decline from the $75 peak.

However, Hayes bought back in, accumulating 33,978 HYPE (~$2.09 million) at the $60 support level.

This zone is important because it previously served as the basis for HYPE's breakout in late May, which then sparked a 25% rally to a new ATH in a matter of days.

Key Points

• Arthur Hayes sold ~$18 million worth of HYPE near its all-time high, contributing to a 20% correction. He bought back ~$2.09 million at $60.

• Hyperliquid generates 2.4x more fees than SOL, BNB, ETH, and BTC combined.

• The $70 target requires a 23% increase from $56.77. This target is mathematically realistic.

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Why Is Hayes' Action Important but Not the Only Factor?

Hayes' "sell at top, buy at support" pattern indicates tactical trading, not long-term fundamental conviction.

AMBCrypto notes that dip buying is often driven by short-term flows, while accumulation near highs reflects confidence in the long-term upside.

Hayes's $60 purchase appears to be a "well-timed dip buy" rather than a conviction-driven bet. This means retail traders who follow his lead without understanding the risks could be caught out if Hayes takes further profits.

However, HYPE's recovery does not depend on a single whale.

Hyperliquid's fundamental data points to deeper strength.

Hyperliquid Fundamentals: Real Revenue Supports Valuation

Hyperliquid generates substantial fees. According to AMBCrypto, the network generates 2.4x more fees than Solana, BNB Chain, Ethereum, and Bitcoin combined.

This means users are actively trading on the Hyperliquid platform regardless of broader market conditions.

Hyperliuid also became the second DeFi token ever to break into the top 10 cryptos by market cap, surpassing $15 billion before the correction.

Source: DeFiLlama

This achievement shows Hyperliquid evolving beyond niche DeFi trading into one of the largest crypto assets.

TVL growth, strong fee generation, and increased on-chain activity indicate that capital is flowing into the ecosystem, not just the token.

This provides a stronger foundation for HYPE's recovery.

Read also:Crypto Trading Strategies When Interest Rates Rise

Can HYPE Return to $70?

Price mathematics: at $56.77, a rebound to $70 would require a gain of around 23%. A return to $80 would require a gain of around 41%.

This move is possible in crypto, but is made more difficult because HYPE already has a market cap of $12.6 billion.

HYPE ke USDT via Bittime Market

WEEX notes that the $70 level is the first practical recovery zone.

A realistic recovery path involves three stages: stabilization after the decline, reclaiming the short-term moving average, and then testing the $70 area.

Read also:Bitcoin Holders Shouldn't Panic, BTC Predicted to Rise Above US$200,000

Bullish factors that could support recovery

1. Use of Hyperliquid

If trading volume remains strong, HYPE benefits from the perception that DeFi products are working.

2. HyperEVM Growth

If developers build more applications on HyperEVM, HYPE gains additional utility.

3. Staking Request 

If it increases, the liquid supply decreases and holder confidence strengthens.

4. Market Sentiment

If Bitcoin stabilizes and DeFi tokens recover, HYPE could benefit from capital rotation.

Read also:Sahara AI Plunges 60%, Here's Why SAHARA Prices Drop Sharply

Risks Hindering HYPE's Recovery

Valuation Pressure

HYPE is already one of the largest DeFi tokens. The market may demand continued growth before it can appreciate another rally.

Competition

Decentralized derivatives is a competitive category. If rival platforms grow faster, the hype could weaken.

Profit Taking Action

Hayes and other early holders may sell during rallies, creating a repeat resistance zone.

Market Weaknesses

If BTC, ETH, and major altcoins remain depressed, HYPE may struggle even if Hyperliquid's fundamentals are solid.

Read also:Rupiah Strengthens After BI Rate Increase to 5.50%, Impact on the Public and Investors

Conclusion

HYPE's drop to $56.77 was triggered by profit-taking, including from Arthur Hayes who sold ~$18 million and then bought back ~$2.09 million at the $60 support.

This pattern indicates tactical trading, not fundamental conviction.

However, Hyperliquid's fundamentals remain strong. Fee generation of 2.4x the combined SOL, BNB, ETH, and BTC demonstrates real returns. TVL and on-chain activity continue to grow.

The $70 target is mathematically realistic (23% upside), but recovery is not automatic.

Traders should wait for confirmation of stabilization, healthy volume, and continued growth of the HyperEVM ecosystem.

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FAQ

What did Arthur Hayes do with HYPE?

Hayes sold nearly $18 million of HYPE near the ATH peak, then bought back ~$2.09 million at the $60 support level.

Why is HYPE down?

The 8%+ drop to $56.77 was driven by profit-taking, including from Hayes, as well as valuation pressure and broader DeFi market weakness.

What is HYPE's recovery target?

The practical recovery expectation is around $70 in 2026, requiring a 23% increase from $56.77.

What are the bullish factors of HYPE?

Strong Hyperliquid usage, HyperEVM growth, staking demand, and improving market sentiment.

What are the main risks of HYPE?

Valuation pressure, competition from other derivatives platforms, repeated profit-taking, and broader crypto market weakness.