Institutional positioning continues strengthening the current structure here, with $HYPE climbing more than 11% in the last 24 hours while maintaining multi-million dollar hourly turnover. Price expanded from the $41.9 region toward $46.9 during the session, with current activity still holding close to the upper boundary after repeated support retests around the $44.6 area.

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‎Treasury accumulation also remains a major narrative driver, with #Hyperliquid Strategies reportedly increasing holdings to 20M HYPE tokens while sitting on nearly $198M in unrealized gains reinforcing longer-term conviction behind the current market expansion