During the White House meeting on crypto and financial technology innovation, a single regulatory comment was enough to send Hyperliquid [HYPE] sharply higher.
U.S. President Donald J. Trump stated that CFTC Chairman Mike Selig is working on bringing Hyperliquid into the United States under a compliant framework. Traders reacted quickly to this news, sending HYPE up to $72.30. This was a 20% surge from roughly $59.
That reaction was in correlation with a significant spike in trading volume, which has caused the stock price to rise aggressively towards the $72.50 resistance.
That level matters because HYPE repeatedly failed around the same area before falling toward $52. Meanwhile, at press time, the RSI indicator reached 84.89, its highest reading since early May.
Thus, the regulatory repricing of HYPE currently faces a test based upon a technical standpoint. If HYPE can hold above $69-$70, it will help maintain its breakout structure. However, if HYPE fails again at the $72.50 resistance point, it would leave the broader range unresolved.
HYPE’s rally reshapes major whale positions
The regulatory-driven rally has also created a sharp divide between traders positioned on opposite sides of HYPE.
In light of this, one trader is holding a long position that they had put on prior to the White House meeting with approximately $43 million in unrealized profit. This left the community with questions regarding the position, if it was insider trading.
On the other hand, Loracle’s 685,740 HYPE short, worth about $47.79 million, has been sharply negatively affected by the recent rally.
As such, Loracle currently faces approximately $10.95 million in unrealized losses for their short positions. Moreover, they may face additional loss if their position is forced into liquidation at $87.607.
This contrast matters because further gains increasingly pressure bearish leverage rather than merely rewarding existing longs. Therefore, continued buying could force shorts to reduce exposure, adding demand.
However, stalled momentum would ease that pressure and allow underwater positions more room to remain open.
Can HYPE target $75 next?
The pressure on bearish traders has already spilled into broader liquidations, showing how leverage amplified HYPE’s initial rally. As of writing, total liquidations reached $54.4 million, with shorts accounting for $48.16 million versus $6.25 million in longs.
That imbalance helps explain the rapid jump from roughly $63 toward $69, as forced short closures added buying pressure. However, HYPE now trades near another concentrated liquidity area around the $72–$73 zone.
Still, if HYPE can clear that cluster of liquidations, it may add additional short liquidations and make the push to $75.
Yet the rally becomes more dependent on fresh demand once forced buying fades. If buyers fail to maintain pressure, the $66–$68 liquidity zone becomes the nearest area where price could retrace.
Final Summary
