Arthur Hayes Calls Altseason: Hyperliquid Nears All-Time High
BitMEX founder Arthur Hayes' latest market prediction is already sending shockwaves through the crypto ecosystem. His call for an 'altseason' appears to be materializing, with one protocol in particular racing toward its previous peak.
The Hyperliquid Surge
Fueled by the bullish sentiment, Hyperliquid's native token is charging toward its all-time high. The move highlights how a single influential voice can still ignite speculative fervor across decentralized finance—proving that in crypto, narrative often precedes fundamentals.
Market Mechanics in Motion
The rally isn't happening in a vacuum. It reflects a broader rotation of capital, as traders chase momentum beyond Bitcoin. Liquidity pools are deepening, order books are shifting, and the perpetual swap markets are humming with renewed activity. It's the classic altcoin playbook: find a narrative, front-run the crowd, and watch the leverage do the rest.
A Cynical Note from the Sidelines
Of course, this is the same industry where 'fundamental analysis' sometimes means checking which influencer hasn't tweeted in six hours. The speed of this move serves as a reminder that in the altcoin casino, timing is everything—and being right too early is financially indistinguishable from being wrong.
The momentum is undeniable, but sustainability is the real question. Will this be another flash in the pan, or the start of a genuine altcoin renaissance? The charts will decide, probably before any traditional analyst finishes their morning coffee.
Perp DEX Race Intensifies as Hyperliquid Holds Key Levels
Hayes believes the next 3–5 years will dramatically shift trading volume away from centralized exchanges and into Perp DEXs. He said emerging platforms can take market share from Hyperliquid—but only if they execute token mechanics like issuance and buybacks with precision.
For now, Hyperliquid still holds a powerful position. In the last 24 hours alone, HYPE price surged over 10%, trading at $34.44 with a market cap of $11.59 billion.
The token’s journey has been nothing short of remarkable:
Started at: $3
All-Time High: $59.39 (September 2025)
All-Time Low: $3.20
Hyperliquid currently ranks #11 on CoinMarketCap, needing $4.26B more to surpass Cardano’s (ADA) $15.85B market cap and enter the top 10 digital assets globally. Hayes admits he personally wants Hyperliquid to remain the leader, but the race is far from decided.
HYPE Token Shows Strong Double-Bottom Reversal Potential
Technical signals now suggest the next major move could be bullish. According to TradingView, HYPE is sitting directly above the key support at $29.27, a level bears have repeatedly failed to break. This has formed a classic double-bottom pattern, often a precursor to a strong upward reversal.
Key indicators include:
RSI recovering from oversold levels
Strong rejection wicks at support showing buyer dominance
Accumulation pressure increasing despite market volatility
If HYPE closes above the $37–$38 resistance band, analysts expect a clean breakout toward $45–$48. Clearing that zone opens the path to retesting the $59.39 ATH. With bullish momentum returning, a new cycle high in the $62–$68 range becomes a realistic next target—as long as $29 support holds.
Conclusion
Hyperliquid’s return to strength, Arthur Hayes’ endorsement, and a textbook double-bottom pattern have set the stage for a potentially explosive breakout. With rising interest in Perp DEXs and HYPE reclaiming momentum, the token now stands closer than ever to retesting—and possibly surpassing—its all-time high.
This is for educational purposes only. Always do your own research before any crypto investment.
