Hyperliquid (HYPE) posted a strong rebound today, gaining more than 6% as buyers stepped back in after weeks of subdued price action. The move marks one of the clearest upside attempts since the token entered its broader corrective phase, with price now stabilizing above recent short-term support levels. This rebound comes alongside renewed activity in derivatives markets and visible shifts in large-wallet behavior, suggesting that capital is beginning to reposition rather than exit.
This behavior reflects profit realization rather than panic selling. The timing suggests early participants are distributing into improving liquidity conditions, not exiting during weakness. Historically, this type of activity tends to appear when a market is transitioning from decline into stabilization, with capital rotating rather than fully withdrawing.
Moreover, the Open Interest (OI) surged over 18% to $1.82 Billion along with a trading volume surge of 24%. Together, these metrics point to a structural momentum reset, where HYPE price may see a sharp channel breakout in the near sessions.
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