HYPE Price Analysis: Liquidation Heatmaps Signal Rising Downside Risk 

• HYPE trades near $58 as liquidation heatmaps show longs remain heavily exposed to downside risk.
• Alphractal data shows $4.8B in long liquidation exposure versus $3.0B in short positions.
• A break below $57 could trigger long liquidations, while $60-$61 is the key short squeeze zone.

Hyperliquid’s native token, HYPE, is sitting at a pivotal point on the chart this week. In a recent post, Joao Wedson, founder of analytics platform Alphractal, said, “Many traders will soon be liquidated on Hyperliquid (HYPE).”

According to him, the outcome is inevitable. Two liquidation heatmaps he shared help explain why he’s so confident in that call.

Where HYPE Stands Right Now

HYPE is trading around $58 at press time, down 15% over the past week. From its all-time high of roughly $76.85, set on June 16, 2026, the token is down more than 24%.

HYPE is in a near-term range be…

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