HYPE don hit new ATH pass $74 as Hyperliquid short dem dey get squeeze
HYPE surge reach new ATH pass $74 on 1 June for Hyperliquid, extending di high dem from di previous week (CoinGecko mention ATH near $73.64). Di move cause clear derivatives squeeze for Hyperliquid perps: tracked short Loracle cut more than half of him HYPE short but still hold 843,232 HYPE short, with unrealized losses pass $22M.
For di oda side, whale 0x082e turn from 5x HYPE long (open Dec 2025) to big winner, with unrealized gains reported over $46M after surviving drawdown of more than $25M. Di article show say di rally na more than spot demand, stressing real-time repricing of liquidation zones and margin pressure for Hyperliquid visible perp market structure.
For traders, HYPE near di new high zone fit mean faster short-covering and sudden volatility if di remaining shorts must add margin or dem push enter liquidation.
Bullish
Dis one good for HYPE short term because di new ATH for Hyperliquid dey happen same time as clear short squeeze: big shorts still get plenty exposure, so e dey easier make upside momentum continue as dem liquidate and cover. But di same thing fit also raise di risk of sudden, heavy volatility—so traders fit see strong continuation but wid sharper intraday swings as di remaining shorts dey decide how much margin to burn. Long term, continued demand signals (spot ETF inflows and whale accumulation wey dem mention for di earlier report) dey support di story, but near-term outcome go depend heavy on whether di leftover short unwind finish without triggering more cascading liquidations.