Why Traders Are Bullish on $HYPE
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On-chain data show Bitwise and 21Shares ETFs bought $16.1 million of Hyperliquid's HYPE in the past 24 hours, a whale accumulated over $15 million via leveraged long positions, and BHYP has staked $15.45 million of HYPE. Analysts including Michaël van de Poppe call HYPE a leading altcoin momentum indicator, pointing to stronger crypto adoption and bullish token demand from ETF inflows, staking and whale accumulation.
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- Bitwise and 21Shares ETFs bought $16.1 million worth of HYPE in the past 24 hours.
- One whale accumulated over $15 million in HYPE using leveraged long positions.
- Michaël van de Poppe said HYPE is the best indicator for altcoin momentum.
Hyperliquid’s HYPE token is back in the spotlight, with traders getting bullish after whales have been buying aggressively and on‑chain numbers looking solid.
Over the last few days, crypto analytics platforms Arkham and Lookonchain have spotted big traders and smart‑money wallets piling into HYPE. For instance, Arkham’s data showed that Bitwise and 21Shares ETFs bought $16.1 million worth of HYPE in the past 24 hours, and BHYP has staked $15.45 million worth of HYPE so far.
Meanwhile, analyst Michaël van de Poppe says HYPE is the best indicator for altcoin momentum. In a post on X, he noted,
“Every time when the m…
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