Hyperliquid's native token HYPE extended its winning streak to six consecutive sessions on Tuesday, surging past the $70 mark as institutional demand intensifies. The token added 12% in the last 24 hours, driven by a resurgence in capital flows into HYPE-focused exchange-traded products and expanding platform fundamentals.
ETF Inflows Signal Renewed Institutional Appetite
After a brief pullback earlier this month, institutional participation in HYPE has rebounded sharply. On Monday, HYPE-focused ETFs recorded a net inflow of $17.19 million, the largest single-day intake since May 29. This pushed total net assets across the three available products to $209.3 million, up from $173.1 million at the end of the prior week.
Three issuers currently offer regulated brokerage exposure to HYPE: 21Shares (ticker: THYP), Bitwise (BHYP), and Grayscale (HYPG). Cumulative trading volume across these ETFs has approached $900 million since their launch, with net inflows totaling $153 million. The latest inflow data suggests that institutional investors are regaining confidence following the recent correction.
Platform Fundamentals Strengthen
Beyond ETF flows, Hyperliquid's underlying ecosystem continues to gain traction. The platform recently reported $3 billion in Real-World Asset (RWA) open interest on its HIP-3 framework, marking a new milestone in its push into traditional financial market exposure. According to the protocol, HIP-3 has set new open interest records every month since its October 2025 launch, reinforcing its role as a key driver of institutional engagement.
This expansion into RWAs positions Hyperliquid as a bridge between decentralized finance and conventional asset classes, a narrative that has resonated with institutional allocators seeking diversified exposure.
Technical Setup: Bulls Target Record Highs
From a technical perspective, HYPE maintains a bullish structure on the 4-hour chart. The token is currently trading near $75, well above its key moving averages. The 50-day, 100-day, and 200-day exponential moving averages (EMAs) are clustered between approximately $42.80 and $55.70, indicating a firmly established uptrend.
The recent V-shaped rebound from around $53—near the 50-day EMA—suggests that dips continue to attract buyers, reinforcing the medium-term bullish bias. Momentum indicators support further upside, though they are approaching overbought levels. The Relative Strength Index (RSI) sits near 80, while the Moving Average Convergence Divergence (MACD) is nearing a bullish crossover, with narrowing negative histogram bars signaling fading downside pressure.
Immediate resistance lies at the June 1 all-time high of $75.76. A clean breakout above this level could open the door to a new record high between $83.63 and $94.83. On the downside, initial support is located near $63.17, followed by stronger structural support around the 50-day EMA at $55.69.
Market Context and Outlook
The broader crypto market has seen renewed risk appetite, with several major tokens posting gains. However, HYPE's unique combination of ETF inflows and expanding RWA open interest sets it apart. For context, TRX dropped 2% despite record network activity, highlighting that not all tokens are benefiting equally from the current environment.
Meanwhile, traditional markets have also seen significant moves. BlackRock stock surged 5% on a Q2 earnings beat, reflecting strong institutional demand for asset management products—a trend that may indirectly support HYPE ETFs as well.
Overall, HYPE presents a constructive technical and fundamental setup. Continued ETF inflows and rising open interest support the case for further upside, provided the token can clear its record high resistance zone. Investors should monitor the $75.76 level closely as a potential catalyst for the next leg higher.
This article is for informational purposes only and does not constitute financial advice.
