Hyperliquid Price Slumps After 10% Gain, Institutional Demand Remains Strong
Hyperliquid's price is trading in the red on Monday after recording a 10% gain last week. Despite this, exchange-traded funds (ETFs) focused on HYPE have seen five consecutive weeks of inflows, indicating steady institutional demand.
UBS, Bank of Montreal, Jane Street, and other large funds hold HYPE, according to Bloomberg ETF analyst James Seyffart's X post. The presence of these institutions suggests strong demand from big players as US President Donald Trump plans to bring Hyperliquid onshore.
The SoSoValue data shows that HYPE ETFs recorded $12.27 million in inflows last week, down from $56.86 million the previous week. However, this still marks a fifth consecutive positive week for ETF inflows, affirming strong institutional interest.
From a technical perspective, Hyperliquid's price remains above $86 and maintains a clear bullish bias after advancing 10% last week. The Relative Strength Index (RSI) is around 64 on the daily chart, staying in bullish territory but easing from an overbought zone. The Moving Average Convergence Divergence (MACD) has slipped marginally below its signal line, indicating a brief loss of upside momentum.
Looking ahead, a decisive close above the upward-sloping trendline near $89.61 could open the path toward the 161.8% extension level at $98.95, followed by the $100 psychological threshold.