Hyperliquid – Whales increase long exposure, but can HYPE’s price hit $50?

Hyperliquid [HYPE] price has seen minimal price fluctuation over the last 24 hours. However, its short-term outlook over the next few weeks, if not months, appeared to be bullish at press time.

Large holders have been increasingly pouring capital into the Perp DEX platform. Will this end the price correction of HYPE for a bullish continuation?

Hyperliquid’s long positions’ exposure surges

Whales have been increasing their long exposure since Bitcoin’s [BTC] price broke out. Over the last two months, their bullish conviction has expanded to other assets available on the Hyperliquid DEX.

This accumulation trend signals a strong bullish sentiment among whales trading on Perp DEXs.

For Hyperliquid, it meant capital inflows into the ecosystem, increasing trading volume which has historically been directly correlated to the price.

While the signal was bullish, it is still unclear if the market may be about to expand or not. At the time of writing, the Funding Rates were negative, suggesting that there were still shorts paying longs to keep their positions open.

HYPE’s price action eyes a rebound

On the price charts, HYPE has been on an uptrend since mid-January, respecting a slanting trendline support. This indicated that HYPE has been bullish for more than two months, aligning with the capital inflows from whales.

The sentiment of participants has also been improving. In fact, its reading rose from around the lows of 68% in late September 2025 to 81%.

Such sentiments indicated a rebound around $40 may be coming. The sellers’ strength during the correction from $45 to $40 was diminishing, as evidenced by the Bull Bear Power (BBP). However, the BBP remained in the negative territory, despite rising from -10 to -0.52.

In case the altcoin successfully rebounds on the charts, the next price target above the higher high at $45 would be $50. The extreme target would be in the $60-zone.

Conversely, if HYPE dips and stays below the demand level at $40, the rebound may be delayed. If this is confirmed by a retest, the bullish outlook may be invalidated.

A look into revenue and sector performance

Notably, the daily revenue of Hyperliquid was the highest at $1.70 million among all Perp DEXs. It was followed by edgeX [EDGE] and Lighter [LIT] with $584K and $255K. At press time, HYPE’s revenue was more than double both the other Perp DEXs combined.

Moreover, the Perp DEX sector has been the most bullish over the past month, aligning with HYPE’s sentiment. The sector reported gains of 41.2%, almost double that of second-placed privacy coins with 26%.

Taken together, these signals appeared to point towards a bullish continuation for Hyperliquid. Even so, a price action confirmation is needed. Worth noting, however, that the signal may not be mature just yet as funding rates were negative.

Final Summary

• Whales have consistently increased their long exposure on Hyperliquid DEX, indicating massive capital inflows. 
• HYPE’s price action might be eyeing $50, but only if $40 holds strong for a rebound.