Retail Sees Exhaustion in Hyperliquid Rally - Structure Points to Extension
Hyperliquid consolidating above $28 after recent surge - perp DEX narrative aligning with DeFi recovery flows.
7Days pump: Driven by open interest ex
pansion and independent strength amid broader capitulation.
Current structure: Pullback to demand zone, higher lows intact post-breakout retest.
Smart money hypothesis: Arthur Hayes and institutional wallets accumulating during dips, tightening supply.
Trap vs continuation: Risk of fakeout if $26 fails, but volume delta supports buyers.
Retail fading the move; whales positioning for leg two.
Debate: Is perp DEX rotation overplayed or undervalued?
Positioned for extension?
Continuation Thesis: Consolidation after breakout with rising OI often precedes momentum continuation, as smart money absorbs pullbacks before retail re-enters.
