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Hyperliquid price confirms support at $28.40

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Hyperliquid price confirms support at $28.40 as market structure shifts bullish - 1

Hyperliquid price is showing early signs of a bullish market structure shift after confirming strong demand at $28.40, setting the stage for a potential expansion toward higher levels.

Summary

  • $28.40 reclaimed and defended, confirming demand after the breakout
  • Bullish engulfing candles show strong momentum, supporting structure shift
  • Holding support opens upside, with $48.02 as the next major resistance

Hyperliquid (HYPE) price action has entered a critical phase after reclaiming and successfully retesting a key high-timeframe support zone. Following a period of corrective consolidation, the market has responded with strong bullish impulses, suggesting that buyers are beginning to regain control. The $28.40 level, previously a major structural pivot, has now been confirmed as support, signaling a potential shift in the broader trend.

This development is significant, as market structure shifts often begin with decisive break-and-retest behavior at high-timeframe levels. With bullish momentum building and price holding above former resistance, Hyperliquid may be transitioning from a corrective phase into a new expansionary cycle.

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Hyperliquid price key technical points

  • $28.40 high-timeframe level has been reclaimed and retested, confirming strong demand
  • Bullish engulfing candles signal impulsive buying pressure, supporting trend reversal
  • Holding above support opens upside toward $48.02, the next major resistance
Hyperliquid price confirms support at $28.40 as market structure shifts bullish - 1
HYPEUSDT (1D) Chart, Source: TradingView

Hyperliquid’s recent price behavior has been characterized by impulsive bullish expansions, marked by strong bullish engulfing candles. These moves indicate aggressive buyer participation rather than slow accumulation, a key distinction when evaluating trend shifts.

After breaking above the $28.40 level, the price pulled back and reacted strongly from the value area high, confirming this region as newly established support. The first successful retest is often the most important, as it confirms whether former resistance has truly become demand. In this case, buyers stepped in decisively, reinforcing confidence in the bullish scenario.

This reaction suggests that market participants are willing to defend value above $28.40, shifting the balance of control away from sellers.

Liquidity sweep potential strengthens structure

One additional level to monitor closely is the 0.618 Fibonacci retracement positioned just below the current support zone. In many bullish structures, price briefly revisits this region to clear remaining sell-side liquidity before resuming its trend. A controlled retest of the 0.618 Fibonacci, followed by a strong bullish reaction, would further strengthen the case for a higher low.

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Such behavior would confirm that the market has successfully absorbed supply and transitioned into accumulation above support. Importantly, this would solidify the shift in market structure from bearish or neutral to bullish.

Until that occurs, short-term volatility remains possible. However, as long as the price maintains acceptance above $28.40 on a closing basis, the broader bullish thesis remains intact.

Market structure shift opens upside expansion

From a market structure perspective, Hyperliquid appears to be transitioning into a higher-high and higher-low sequence. The impulsive nature of the recent move higher, combined with the successful support retest, suggests that the corrective phase may have concluded.

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If price continues to hold above support and builds a higher low, the probability of a bullish expansion increases. In this scenario, the next major upside target sits near the high-timeframe resistance around $48.02. This level represents a prior rejection zone and is likely to act as the next area of supply.

A move toward this region would align with classic trend continuation behavior following a structural flip.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, Hyperliquid is positioned favorably as long as the $28.40 support level continues to hold. Short-term pullbacks remain healthy within bullish trends, particularly if they result in higher lows above key support.

For now, the evidence suggests that Hyperliquid has successfully completed a bullish retest and is beginning to shift the market structure. If buyers remain active, the path toward higher resistance levels remains open, with $48.02 emerging as the primary upside objective in the coming phase.

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Israeli soldier allegedly used military secrets to gamble on Polymarket

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Israeli soldier allegedly used military secrets to gamble on Polymarket

Israel is attempting to prosecute a reserve soldier who allegedly used military secrets to place bets on security operations via Polymarket. 

Polymarket offers a multitude of markets on various military operations, from bets on the outcome of the Ukraine/Russia war, to more specific targeted missile strikes against various countries. 

Israel’s Shin Bet security agency announced today that the soldier — who is facing court along with an alleged civilian accomplice — used “classified reports” accessed via their military role to help make bets that could threaten Israel’s national security.

The pair is charged with numerous security offences, as well as bribery and obstruction of justice. Several people were arrested, but only two have been charged so far.

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A lawyer representing the soldier told Bloomberg that the indictment is “flawed,” adding that the charge of harm to national security has been dropped.

They added, however, that he’s still believed to have used confidential information without permission.

Pair might be connected to $150K Polymarket winnings on Israel-Iran strikes

It’s unknown which prediction markets the two bet on, or if they made any profits. There are suspicions, however, that they could be linked to the Polymarket account “ricosuave666.”

This account made over $150,000 betting on Israel’s strikes against Iran in 2025, and reportedly got each prediction correct across a war that lasted 12 days.

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Israeli authorities then opened up an investigation into these bets. 

Previous cases involving the leaking of military secrets led to an Israeli soldier reportedly being sentenced to 27 months in jail in 2023.

The individual passed on confidential information to users on social media so that they could gain credibility and popularity online.

Read more: Logan Paul fakes $1M Super Bowl bet on Polymarket

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Every month, there seems to be another debate surrounding Polymarket and the use of insider information to make bets, but it’s unclear how capable the platform is of preventing these sorts of trades. 

There were concerns over one account that made $437,000 betting on the exit of Venezuela’s former president Nicolás Maduro hours before the US captured him.

There were also concerns that someone was able to use insider information to bet on the Nobel Peace Prize before it was announced.

After the home of Polymarket’s CEO, Shayne Coplan, was raided by the FBI, a company spokesperson said, “We charge no fees, take no trading positions, and allow observers from around the world to analyze all market data as a public good.”

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Protos has reached out to Polymarket for comment and will update this piece should we hear anything back. 

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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CertiK awarded the “Best Security and Compliance Solution 2026” at SiGMA AIBC

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CertiK awarded the “Best Security and Compliance Solution 2026” at SiGMA AIBC

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Web3 security firm CertiK honored for its contribution in web3 security and compliance at the 2026 SiGMA AIBC Eurasia Awards.

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Summary

  • CertiK named “Best Security & Compliance Solution 2026” at SiGMA AIBC Eurasia Awards for advancing crypto safety.
  • CertiK has expanded into the Middle East, offering institutional-grade crypto security from its Abu Dhabi branch.
  • CertiK has partnered with ADGM regulators to provide enterprise security solutions via Skynet.

CertiK, the web3 security services provider, received an award for “Best Security & Compliance Solution 2026” at the SiGMA AIBC Eurasia Awards ceremony on February 10, 2026. 

The award is a recognition of the firm’s efforts in driving the crypto industry towards compliance and institutionalization. The SiGMA AIBC Eurasia Awards, jointly created by SiGMA and AIBC, is an award for the digital technology and innovation industries in the Eurasia region. It focuses on areas such as AI, blockchain, web3, and compliance security, and is well-known across the region. 

Other award winners included web3 companies, including Crypto.com, OKX Wallet, Avalanche, and Cointelegraph.

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The award comes at a time when CertiK has been expanding its presence in the Middle East since the launch of its branch in Abu Dhabi in 2025. According to the firm, it has launched a localized team recruitment drive to address the demand for security services in the Middle Eastern markets. 

The company’s focus in the region has shifted to providing “institutional-level” security services. The goal of this service model is to provide banks, sovereign wealth funds, and large multinational corporations with security measures that meet traditional financial security requirements through advanced engineering capabilities and a tight defense matrix.

Since launching the branch in Abu Dhabi, CertiK has partnered with Abu Dhabi regulators, participated in roundtable discussions on the framework for virtual asset regulatory activities in the Abu Dhabi Global Market (ADGM), and offers services to local regulators via its security platform Skynet Enterprise.

According to CertiK, its services assist regulators in assessing the potential impact of abnormal events on corporate entities and the broader financial ecosystem, and promote the development of security compliance and innovation in the digital economy.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

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ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

Key takeaways:

  • Ether exchange-traded funds saw $71 million in inflows, signaling strong institutional appetite.

  • Weekly decentralized exchange volume doubled to $20 billion, narrowing the revenue gap with Solana.

Ether (ETH) price failed to sustain levels above $2,000 on Thursday, leaving traders to weigh the potential catalysts for a market turnaround. While optimism has waned since the crash to $1,745 on Friday, both exchange-traded fund (ETF) flows and ETH derivatives metrics are showing early signs of a reversal. 

Traders now question if there is enough momentum for a bounce back toward $2,400.

US-listed Ether ETFs’ daily net flows, USD. Source: Farside Investors

US-listed Ether ETFs recently broke a three-day streak of outflows, attracting $71 million in fresh capital between Monday and Tuesday. Crucially, assets under management have stabilized at $13 billion, which is sufficient to maintain institutional interest. Ether ETFs currently average over $1.65 billion in daily trading volume, a level of liquidity that enables participation by the world’s largest hedge funds.

To put Ether ETFs in perspective, the State Street Energy Select Sector SPDR ETF (XLE US)— the largest in the US energy sector — trades an average of $1.5 billion per day. That instrument tracks a combined $2 trillion market capitalization across companies such as Exxon (XOM US), Chevron (CVX US), ConocoPhillips (COP US), The Williams Companies (WMB), and Kinder Morgan (KMI US).

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ETH metrics and ETF inflows signal potential market recovery

While institutional appetite for Ether ETF trading is a positive indicator, it does not guarantee that demand for ETH derivatives is inherently bullish.

ETH 2-month futures basis rate. Source: Laevitas.ch

On Wednesday, the annualized premium (basis rate) of ETH futures remained below the 5% neutral threshold. This lack of demand for bullish leverage has been a constant theme for the past three months. However, the indicator has stabilized at 3%, even as the ETH price hit its lowest level in nine months. These derivatives markets are displaying moderate resilience, which remains an encouraging sign for Ether investors.

Related: Denmark’s Danske Bank allows clients to buy Bitcoin and Ether ETPs

Ethereum Total Value Locked, USD. Source: DefiLlama

Ether’s price weakness has driven Ethereum’s Total Value Locked (TVL) to $54.2 billion, down from $71.2 billion one month prior, according to DefiLlama data. Reduced deposits in the network’s smart contracts represent a major risk, as lower chain fees diminish the native staking yield. Moreover, Ethereum’s supply burn mechanism remains dependent on excessive demand for blockchain processing. 

Despite these worsening conditions, demand for Ethereum decentralized applications (DApps) has been gradually improving throughout 2026.

Ethereum 7-day DEX volumes (left) vs. DApps revenue (right), USD. Source: DefiLlama

Weekly decentralized exchange (DEX) volumes on the Ethereum network surged to $20 billion, up from $9.8 billion one month prior. This increased activity caused DApps revenue to reach $26.6 million in the seven days ending Feb. 8, providing a healthy indicator of ETH demand. While Solana remained the clear leader with $31.1 million in weekly DApps revenue, the gap between the two networks is narrowing.

Those monitoring Ether price performance exclusively fail to see that ETH onchain metrics and derivatives have displayed resilience, especially as inflows into Ether ETFs resumed. While it might take a couple of weeks for investors to fully regain confidence, there are strong indicators that a near-term rally toward $2,400 is possible.

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