BlockBeats News, April 15th, according to Cointelegraph, Hyperliquid’s native token HYPE retested $45 on Tuesday, hitting its highest level since October 31, 2025. This rebound from the annual low of $21 on January 21 has now risen by 108%.
However, market signals are showing divergence:
Weak spot buying pressure: Spot Cumulative Volume Delta (CVD) has dropped to -41.48 million USD, diverging from the price increase, indicating that the rise is mainly driven by passive demand rather than aggressive spot buying support.
Cautious futures sentiment: Futures CVD has remained flat around -0.748 billion USD for the past month, with Open Interest (OI) rising to 1.38 billion USD. However, the softness in futures CVD suggests that traders lack confidence in chasing the rally.
Furthermore, BitMEX co-founder Arthur Hayes predicted that if Hyperliquid continues to capture market share from centralized exchanges, HYPE could potentially rise by 200% to $150 by August this year.
Currently, HYPE is trading at $43.5, down 27% from its all-time high of $59. Analysts warn that if the bullish momentum fades, the market may become more susceptible to sharp liquidation-driven volatility.
