The hyperliquid (HYPE) price has signaled a potential market reversal. The large-cap altcoin, with a fully diluted valuation of approximately $33 billion, has appealed to more crypto traders, as evidenced by its increased 24-hour volume of approximately $457 million.
Amid the extreme fear of a crypto sell-off, as evidenced by CoinMarketCap’s Fear and Greed Index, which hovered around 16/100, HYPE price rose over 10% today to trade at around $33 at the time of writing.
Important reasons why HYPE will soon be ready for a pump to ATH
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 Arkhamthe duo plans to establish a Digital Asset Treasury (DAT) for HYPE.
At the time of writing, the dual has $888 million committed, with 65% committed in HYPE tokens and approximately 35% committed in USD. The two companies follow in the footsteps of the strategy of Michael Saylor, who has amassed more than 650,000 Bitcoin (BTC).
The global mainstream adoption of HYPE, led by institutional investors, will eventually push altcoin to its all-time high in the near future.
Tech recovery fueled by the mainstream adoption of decentralized perpetual trading
In the daily time frame, HYPE/USD price has formed a potential reversal pattern. After a bullish recovery from the support level around $29.5, HYPE price has formed a potential double bottom, linked to a bullish divergence of the daily Relative Strength Index (RSI).
Source: TradingView
The bullish medium-term outlook for HYPE is fueled by mainstream adoption of perpetual trading by retailers. Nearly all major crypto exchanges, led by Binance and Bitso, have investigated the development of onchain trading across perpetrators.
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