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Why is Hyperliquid price up despite crypto market bloodbath?

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Why is Hyperliquid price up 6% despite crypto market bloodbath? - 1

Hyperliquid price is rallying against the market tide as institutional adoption and improving chart structure attract fresh buyers.

Summary

  • HYPE gained 6% even as Bitcoin dipped below $72,000 and most majors fell.
  • Institutional integrations and token utility developments lifted sentiment.
  • Technical structure shows a confirmed trend shift with momentum favoring buyers.

Hyperliquid was trading around $34.96 at press time, up 6% in the past 24 hours, even as the crypto market sold off sharply. Bitcoin briefly slipped below $72,000, and most large-cap tokens traded lower.

Hyperliquid (HYPE), however, has moved in the opposite direction. The token is up 1.5% over the past seven days and has gained 29% over the last month, standing out during a period of heavy market pressure.

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Derivatives data points to cooling leverage rather than panic buying. Open interest fell 2.42% to $1.55 billion, while trading volume decreased 31% to $4.06 billion, according to CoinGlass data.

This often indicates that traders are lowering their exposure rather than chasing gains, which can keep the price stable during volatile sessions. 

Why is Hyperliquid price rising?

Several developments have raised short-term demand. On Feb. 4, Ripple announced that Ripple Prime, its institutional brokerage platform, had added support for Hyperliquid.

The integration allows institutions to access on-chain perpetuals and derivatives on Hyperliquid while managing risk alongside traditional assets such as FX and fixed income.

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The news was met with a positive market response, lifting HYPE even as selling pressure persisted across the crypto market. While the integration does not directly benefit XRP or rely on the XRP Ledger, it will boost HYPE which is at the centre of perps trading activity.

Another development followed the same day. Hyperion DeFi Inc. (NASDAQ: HYPD), a publicly traded digital asset treasury focused on Hyperliquid, said it plans to use its HYPE holdings as options collateral.

The company said it isn’t engaging in directional bets. Instead, the strategy focuses on earning income from options premiums and fees, together with staking rewards. Hyperion is working with Rysk protocol to launch an on-chain options vault directly on Hyperliquid.

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Over time, the vault could be opened to other institutional HYPE holders. By putting more tokens into structured products and reducing the liquid supply, this strategy might support the token’s price.

Another protocol update that has garnered attention is HIP-4. The plan introduces fully collateralized “outcomes” trading for products that resemble options and prediction markets. The feature is designed to appeal to traders who prefer defined risk during volatile periods.

HIP-4 comes after previous improvements that enabled permissionless markets for crypto, equities, and commodities. With over $1 billion in open interest, nearly $5 billion in daily volume, and a massive rise in weekly transactions since those updates, Hyperliquid has seen strong network growth.

An upcoming token unlock on Feb. 6, releasing about 9.92 million HYPE worth roughly $300 million, has so far failed to unsettle buyers. Previous unlocks were absorbed without sharp pullbacks, which has helped calm concerns.

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Hyperliquid price technical analysis

After months of steady decline, HYPE has shifted structure. A distinct shift in trend behavior is visible as the price recovered the mid-Bollinger Band and remained above it. The recent pullback formed the first higher low since November, flipping the structure from bearish to neutral-bullish.

Why is Hyperliquid price up 6% despite crypto market bloodbath? - 1
Hyperliquid daily chart. Credit: crypto.news

Price has pushed above the upper Bollinger Band with strong closes rather than thin wicks. Volatility bands have turned upward, and the 20-day moving average now acts as support instead of resistance. The relative strength index has moved into the 60–70 range, holding above its signal line.

HYPE also cleared the $32–$33 resistance zone and has stayed above it, suggesting acceptance at higher levels. Overhead supply looks limited until the $40 area.

Holding above $32 keeps momentum intact and allows a move toward $38–$42 if market conditions stabilize. A drop back below $32 could pull the price toward $27–$28, where trend support would be tested.

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UK gov’t committee calls for halt to crypto donations amid foreign interference fears

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UK gov't committee calls for halt to crypto donations amid foreign interference fears

UK politicians concerned with foreign interference in politics are calling for temporary restrictions on crypto donations to be put in place until permanent legislation is drafted.

The Joint Committee on the National Security Strategy called for the measures in a letter to the UK’s Communities Secretary, Steve Reed, on Tuesday.

In the letter, Committee Chair Matt Western recommended five temporary measures: 

  • A temporary ban on accepting crypto donations until the Electoral Commission publishes its own guidance on interim crypto measures. 
  • Crypto donors should be prevented from using crypto firms that aren’t registered with the Financial Conduct Authority to make their donations
  • Donations should be converted into sterling within 48 hours of their receipt.
  • Crypto that’s been “upstream” from crypto mixers and tumblers, such as Tornado Cash, should be prohibited.
  • Crypto should only be accepted when an individual has “high confidence” about its origins.

Kraken says crypto ban will ‘displace’ political donations

The committee took into consideration the views of various stakeholders, crypto entities, charities, and research groups when deciding on its recommendations.  

Despite this, not everybody is happy. Kraken’s Chief Compliance Officer Natasha Powell, for example, warned that a ban would displace crypto donors to shadier avenues of funding, and that donors should be allowed to make donations from UK-regulated institutions.

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“If you say, ‘No crypto donations, they’re illegal,’ people will go offshore and find different ways of doing them,” said Powell. “They will keep happening; they will just do so under the radar.”

Read more: Nigel Farage milkshake’d while touring with shady crypto ally

The director of the Centre for Finance and Security at RUSI agreed with Powell, and called for a “moratorium until such time as we are sure that we have the right checks and balances in place.”

The anti-corruption charity Spotlight on Corruption has also suggested various measures to tackle shady crypto donations, while the Electoral Commission has said it could be given discretionary power to draft crypto donation guidance. 

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“This could involve producing non-statutory guidance at first, which could be changed to statutory guidance if required,” the letter reads.

The letter also highlights that, as the UK’s military role in Europe grows, and the security environment worsens, “the value of influencing the UK’s political positions (for example on Ukraine, or US/EU relations) is likely to increase.”

His letter also recommended tougher sentences for electoral finance offences, a singular group dedicated to policing political finance and foreign interference risks, and increased wealth checks for political donors.

Crypto donation ban would upset Reform UK 

The only major party currently accepting crypto donations in the UK is Nigel Farage’s Reform UK. The right-wing party announced its acceptance of crypto donations last May as part of an effort to appeal to crypto investors. 

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It’s received over £19 million ($25.6 million) in donations from Tether shareholder Christopher Harbourne over the years and has also reportedly received some crypto donations, but hasn’t disclosed who from. 

Because of this, Labour and Liberal Democrat MPs have called for an investigation that looks to determine any potential conflicts of interest that might “undermine public trust in the integrity of our political system.”

Read more: Scoop: Bitfinex, Tether shareholder Harborne is Nigel Farage’s top donor

One of Farage’s close allies, George Cottrell, is linked to a Polymarket wallet that made millions betting on the outcome of various Donald Trump-related prediction markets.

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Cottrell was also convicted of wire fraud after he was caught agreeing to launder drug trafficking proceeds. He allegedly threatened to report the fake drug traffickers unless they paid him $80,000 worth of bitcoin. 

He’s also launching a book called How To Launder Money, and his mother, Fiona Cottrell, has also donated £750,000 ($1 million) to Reform UK.

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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Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

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Solana Price Charts Are Hinting at a Potential Rally Toward $110 Next

Solana’s SOL (SOL) has rallied 10% over the past 24 hours, rising to an intraday high of $86 on Wednesday.

The recovery was accompanied by a leap in futures activity, with SOL’s open interest rising by more than 5% to $5.27 billion.

Analysts are now focusing on the short-term technical setup and fundamental indicators that may signal a major turning point for SOL.

Key takeaways:

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  • SOL price has risen 10% in 24 hours, fueled by bullishness in the broader market and Solana ETF inflows.

  • Solana’s symmetrical triangle breakout targets $110 SOL price.

SOL recovers with the crypto market

The SOL/USD pair rose as much as 13.6% to $86 on Wednesday from a two-week low of $75 on Tuesday, amid a marketwide recovery.

Bitcoin (BTC), the market leader, was trading at $66,800 at the time of writing, up 5% over the 24 hours. Second-placed Ether (ETH) has gained about 8% on the day to trade just above $1,990. XRP (XRP) has also posted significant daily gains among the top 10 cryptocurrencies, up 6% over the same period.

As a result, the global crypto market capitalization is up 4% on the day to $2.28 trillion on Wednesday.

Performance of top-cap cryptocurrencies: Source: CoinMarketCap

Solana’s surge today is accompanied by significant short liquidations totaling $15.4 million over the last 24 hours, signaling intense demand-side pressure.

The buyers were also US-based spot Solana ETFs, which have recorded $40 million in net inflows since Feb. 9.

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Spot Solana ETFs flows table. Source: Farside Investors

The growing demand-side pressure that could push SOL prices higher when coupled with increased inflows from global Solana investment products and buying by whales.

Cryptocurrencies, Markets, Price Analysis, Tech Analysis, Market Analysis, Altcoin Watch, Solana, ETF
Source: Lookonchain

SOL’s symmetrical triangle breakout targets $110

Data from TradingView shows SOL price breaking above a symmetrical triangle on the six-hour time frame, as shown in the chart below.

The price needs to close above the 100-day simple moving average (SMA) at $86 to sustain the upward momentum.

The measured target of the prevailing pattern, calculated by adding the height of the triangle to the breakout point, is $110, coinciding with the 50-day SMA. This represents a 28.5% rally from the current levels. 

SOL/USD 6-H chart. Source: Cointelegraph/TradingView

As Cointelegraph reported, a daily candlestick close above the 20-day EMA, currently at $88, would open the way for a rise toward $95 and later to $117. 

Glassnode’s realized price distribution data for Solana shows limited historical buying activity above $85, suggesting that the bulls could easily break this resistance.

In other words, there are relatively few SOL holders with a cost basis above this zone, reducing the chances of sellers stepping in decisively until the price reaches higher supply zones. 

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The next significant resistance sits at $115, where approximately 22 million SOL were previously acquired.

SOL: UTXO realized price distribution (URPD). Source: Glassnode