Hyperliquid Price Rallied 13% but the Money Underneath Tells Another Story
BeInCrypto
Despite a 13% monthly gain, Hyperliquid's (HYPE) price may decline due to decreasing capital commitment and bearish technical patterns.Summary
Hyperliquid (HYPE) has seen a 13% price increase in the past month, but underlying financial metrics suggest potential weakness. An inverse cup and handle pattern is forming on the 8-hour chart, indicating a possible bearish reversal. Chaikin Money Flow (CMF) shows a divergence, with institutional money flow decreasing while the price rises. Furthermore, Hyperliquid’s assets under management (AUM) have significantly decreased, and USDC net flow is negative, indicating capital is leaving the platform. While a short squeeze could temporarily boost the price due to skewed liquidation data, the overall trend points towards a potential decline, with a key level to watch being $34.13 for confirmation of the bearish pattern.
(Source：BeInCrypto)