$HYPE Is This a New Move After Leverage Clearance?

Hyperliquid (HYPE) has fallen approximately 1.86% in the last 24 hours to $67.18. The decline appears to be more related to the liquidation of leveraged positions and profit-taking from the resistance zone than to general market weakness.
The recent move resembles a classic "market clearout" after a strong rally.
Main Reason: Long Liquidations Increased Selling Pressure
Over $12 million in positions were liquidated in the derivatives market in the last 24 hours, with the majority being long positions.
What does this mean?
Investors who used excessive leverage during the rally were forced to sell when the price failed to break the $72-$76 resistance zone.
Such movements typically result in:
A sudden drop
Short-term panic
Exit of weak hands from the market
However, for long-term investors, this situation can sometimes lead to a healthier market structure.
Technical Outlook: Critical Zone $63–65
The most important support zone for HYPE right now is:
$63 – $65
If this area is held:
The uptrend may continue
Buyers may regain strength
The $70–75 zone may be retested
However:
If a daily close below $63 occurs, selling pressure may increase and the price may retreat towards:
➡️ $60
➡️ $58
Resistance Zone: $72–76
HYPE faced strong selling in this zone during its last rise.
Importance of this level:
Previous peak area
Area with high selling pressure
Critical threshold for new trend confirmation
If HYPE:
✅ Makes a high-volume close above $76
a new uptrend wave may begin.
Positive Side: Institutional Interest Strengthens
Despite the short-term downturn, there are significant developments in Hyperliquid.
Blockdaemon Partnership
The Blockdaemon collaboration aimed at strengthening institutional infrastructure in the Hyperliquid ecosystem is noteworthy.
This development is considered positive in terms of:
Access to institutional staking
Stronger validator infrastructure
Long-term investor interest
Interesting Movement in the Derivatives Market
There is a strong increase in inflows in HYPE futures.
This means:
Positive side:
Trader interest continues
Large players continue to take positions
Risk side:
Excessive leverage may reappear
Sudden movements may continue
ETF and Institutional Demand Story
While outflows are seen in the general market for Bitcoin ETFs, the continued inflows into HYPE products are noteworthy.
This situation can be interpreted as:
Specific investment interest in HYPE
Selective capital return on the altcoin side
Increased institutional reach
Upcoming Scenarios
Bull Scenario:
HYPE:
✔️ Holds the $63-65 support
✔️ Breaks the $72 level again
✔️ If it strengthens above $76,
new target areas may come into play.
Bear Scenario:
If:
❌ The $63 support is lost
leverage clearing may continue and:
➡️ $60
➡️ $58
the regions may be tested.
General Assessment
Hyperliquid is currently at the intersection of short-term pressure and its long-term growth story.
Short term:
Liquidation + profit taking = correction
Long term:
Institutional infrastructure + derivatives volume + investor interest = strong fundamental story
Key level to watch:
The structure is preserved as long as it stays above $65.
A break above $76 could signal new momentum.
This content is not investment advice. It is for market analysis and informational purposes only.
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