Here’s Why Hyperliquid Traders Must Brace for $29 Million Liquidation Threat
Hyperliquid traders face a $28.9 million short liquidation cluster above $35, which could trigger significant upside volatility if crossed.Summary
Hyperliquid (HYPE) price action shows cautious optimism, but derivatives data indicates strong bearish positioning, highlighted by a significant cluster of $28.9 million in short liquidations situated just above the $35 price level. If HYPE decisively breaks past $35, these forced liquidations could amplify upside volatility, potentially driving gains toward $38 and setting up a Golden Cross formation between the 50-day and 200-day EMAs.
Technical indicators, such as a recent bullish crossover on the MACD, suggest strengthening upside momentum, provided spot demand aligns with these signals. However, the overall market direction remains susceptible to broader crypto market conditions and macro uncertainty, which could limit HYPE's upward traction.
Conversely, if HYPE fails to sustain momentum and breaks below the critical $30 support level, sentiment would turn decisively negative, exposing $26 as the next major support zone and invalidating the current uptrend structure.
(Source：BeInCrypto)