Hyperliquid News Today: Buddy's Careful Approach Contrasts with Hyperliquid's Strong Uptrend

The crypto community is paying close attention to the conservative actions of well-known trader "Buddy" (Huang Licheng), who recently topped up his Hyperliquid account with around $14,000 in margin—significantly less than his previous, bolder investments. This move, observed by on-chain analyst Lookonchain

, highlights a notable change in his trading approach, as he now opts for smaller, gradual adjustments in the turbulent market conditions following October 11.

Huang’s latest transfer of 13,937

into Hyperliquid indicates he might maintain his long positions in (ETH) and Hyperliquid’s own token (HYPE). This is a stark contrast to his earlier, much larger moves, such as a $220,000 USDC deposit at the end of October to boost his and HYPE holdings . At that point, he increased his leveraged positions by 3,300 ETH (worth $13 million) and 101,000 HYPE (valued at $5 million), showing strong market conviction. But after incurring a $12.56 million loss in the October 11 crash, Huang has become more cautious, moving just $1.85 million to Hyperliquid in the last two weeks and keeping $1.13 million in his wallet .

Meanwhile, the Hyperliquid ecosystem as a whole is gaining traction. HYPE has climbed 25% to reach $48.70, fueled by $624 million in daily trading activity and $21.15 million in weekly DeFi revenue, according to Lookonchain. Interest from institutions is also on the rise, with Hyperliquid Strategies submitting an SEC filing to raise $1 billion for HYPE purchases and staking

. Hyperliquid L1, the platform’s native blockchain, has generated $132,590 in daily revenue, while the cross-chain bridge Unit contributed an additional $32,383, further strengthening the ecosystem’s profitability .

Technical analysis and on-chain metrics indicate that HYPE could be poised for a breakout to new highs. The token is nearing a significant resistance at $51.15, and if it surpasses the $41–$42 zone, it could rally as much as 54% to $61.5, based on the Bitget report. The Aroon Up indicator (71.4%) and a recovering RSI (61) point to ongoing buying momentum, while short liquidations near $41–$42 could spark further covering

. Open interest in Hyperliquid derivatives has soared to $1.97 billion, the highest since October 11, and funding fees have reached $104.9 million, with short sellers paying more to keep their positions—signaling growing bullish sentiment, according to CryptoTimes.

Large traders are showing mixed behavior, with $7.2 billion in open positions almost evenly divided between longs (47.02%) and shorts (52.98%), as reported by CryptoTimes. However, recent price trends have favored buyers, with long positions earning $182.6 million in profits compared to $222.7 million in losses for shorts. This trend has been boosted by Hyperliquid’s listing on Robinhood on October 23, which increased retail participation and brought in new liquidity, as Lookonchain notes.

Huang’s more reserved trading style mirrors the broader uncertainty in the market, yet his ongoing involvement with HYPE and ETH shows continued optimism. With Hyperliquid’s ecosystem proving robust and attracting institutional backing, the platform is set to remain a key player in DeFi. Market participants will be watching Huang’s next steps closely, as his history of large, leveraged trades has often swayed market sentiment.