Bitwise Stacks Hyperliquid as Projections on HYPE Price Breakout Grows

Key Insights:

• Bitwise bought $20 million worth of Hyperliquid (HYPE) crypto in one day and now has $55 million staked.
• Analyst Ali Martinez sees potential upside targets of $97 and $163 for HYPE.
• A Phemex prediction market shows a 59% chance of HYPE price trading above $100 in 2026.

HYPE price is drawing fresh attention after asset manager Bitwise increased its exposure to Hyperliquid. Notably, market analysts continue to raise their targets for the token as it pushes into new highs.

Bitwise Bets on Hyperliquid (HYPE)

Fresh buying from Bitwise has put Hyperliquid back in the spotlight. Blockchain tracking platform Arkham reported that Bitwise bought $20 million worth of HYPE in a single day.

The purchase adds to the firm’s growing position in the token and comes as interest in Hyperliquid continues to rise.

Notably, the asset manager has also been staking its holdings. According to the figures shared by Arkham, Bitwise now has a total of $55 million worth of HYPE staked.

Demand has not been limited to the firm itself. Arkham said clients connected to Bitwise’s BHYP product bought a combined $41.8 million worth of HYPE over the past week.

Bitwise Hyperliquid (HYPE) Bet | Source: Arkham

The figures suggest that investors are paying close attention to the token as its price keeps moving higher. Interest around BHYP has also grown because of its early performance.

Arkham noted that investors who bought the product when it launched about two weeks ago would have done better than someone who held the S&P 500 during the last two years.

That comparison has attracted attention across the crypto market. While market conditions can change quickly, the numbers show how strong HYPE’s recent price run has been.

Large purchases from investment firms often draw attention because they can signal confidence in an asset.

For many traders, Bitwise’s latest move is another sign that institutional interest in Hyperliquid is growing rather than slowing down.

HYPE Price Pushes Higher as New Targets Emerge

The strong buying activity has come at a time when HYPE price continues to post new highs. Market analyst Ali Martinez recently shared his view on the token’s next possible moves.

According to Martinez, Hyperliquid remains in price discovery after breaking above previous highs.

Hyperliquid (HYPE) Price Outlook | Source: Ali Charts

He also noted that earlier sell signals have failed to play out. With those signals no longer valid, attention has shifted back to possible upside levels.

Martinez said he is watching $97 as the first major target. Reaching that level would bring Hyperliquid price close to the $100 mark that many traders are now discussing.

Beyond that, he identified $163 as another level worth watching if the current trend continues. The comments came as HYPE kept climbing and setting fresh records.

Price discovery periods often attract extra attention because there are no previous resistance levels above the market.

As a result, traders usually rely on technical analysis and market sentiment to estimate where the next stopping point could be. For now, many market participants appear focused on whether the token can maintain enough buying pressure to approach the first target.

Can Hyperliquid Price Reach $100?

Discussion about a move to $100 has become more common in recent days. Crypto exchange Phemex added to that conversation through a prediction market tied to HYPE’s future value.

Information shared by the platform showed a 59% chance that the HYPE price could trade above $100 in 2026. Prediction markets are based on what participants believe could happen in the future.

It is important to state that this does not guarantee results, but it can provide a useful picture of current market expectations. The growing interest from Bitwise, fresh highs on the chart, and bullish price targets from analysts have all helped keep attention on HYPE.

Whether the token reaches $100 or not, it is clear that Hyperliquid remains one of the projects many traders are watching closely as the year progresses.

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