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Hyperliquid (HYPE) price has signaled a potential market reversal. The large-cap altcoin, with a fully diluted valuation of about $33 billion, has appealed to more crypto traders as observed by its elevated 24-hour volume of about $457 million.
Amid the extreme fear of crypto selloff, as revealed by CoinMarketCap’s Fear and Greed Index, which hovered around 16/100, HYPE price surged over 10% today to trade at about $33 at press time.
Major Reasons Why HYPE is Poised for a Pump to ATH Soon
Institutional demand led by DATs
On December 2, 2025, Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) announced that its shareholders have approved a merger with Hyperliquid Strategies. According to Arkham, the duo intends to establish a Digital Asset Treasury (DAT) for HYPE.
At press time, the dual has $888 million committed, whereby 65% has been committed in HYPE tokens and around 35% committed in USD. The two companies are following in the footsteps of Michael Saylor’s Strategy, which has accumulated more than 650k Bitcoin (BTC).
The global mainstream adoption of HYPE, led by institutional investors, will ultimately push altcoin towards its all-time high in the near future.
Technical rebound fueled by mainstream adoption of decentralized perpetual trading
In the daily timeframe, HYPE/USD price has formed a potential reversal pattern. After a bullish rebound from the support level around $29.5, HYPE price has formed a potential double bottom, coupled with a bullish divergence of the daily Relative Strength Index (RSI).
Source: TradingView
The midterm bullish outlook for HYPE is fueled by the mainstream adoption of perpetual trading by retail traders. Almost all top crypto exchanges, led by Binance and Bitso, have explored the development of onchain perp trading.
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