{"id":8827,"date":"2025-08-26T07:43:25","date_gmt":"2025-08-26T07:43:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-price-defends-45-as-spot-volume-hits-3-5b-all-time-high\/"},"modified":"2025-08-26T07:43:30","modified_gmt":"2025-08-26T07:43:30","slug":"hyperliquid-price-defends-45-as-spot-volume-hits-3-5b-all-time-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-price-defends-45-as-spot-volume-hits-3-5b-all-time-high\/","title":{"rendered":"Hyperliquid price defends $45 as spot volume hits $3.5B all-time high"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid price is holding firm at $45 despite a modest dip, with record trading volumes suggesting its market momentum may only be getting started.<\/p>\n<div id=\"cn-block-summary-block_204d948925cf0ec889c16426eb492bdc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Hyperliquid trades steadily at $45 while weekly gains remain intact.<\/li>\n<li>Spot and derivatives volumes surge, with BTC and ETH pairs driving activity.<\/li>\n<li>Technicals show consolidation, with a potential breakout forming above support.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hyperliquid (HYPE) is showing resilience at the $45 mark, slipping 1% over the past 24 hours while keeping most of its weekly gains intact. The token has climbed more than 7% in the last seven days and is now trading 9% below its record high from mid-July.<\/p>\n<p>Growing activity in the spot and derivatives markets is driving momentum. Trading volumes increased by more than half to $537 million in the last day alone. <\/p>\n<p>Derivatives turnover increased to $2.65 billion, according to Coinglass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/HYPE\" target=\"_blank\">data<\/a>, while open interest decreased by 1%, indicating that traders are actively switching positions rather than exiting the market. This kind of churn often reflects consolidation, where short-term leverage resets before a new leg higher.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid breaks into the big leagues<\/h2>\n<p>Hyperliquid <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/hyperliquidx\/status\/1959874702056567022?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\">revealed<\/a> on Aug. 26 that spot volumes on its exchange reached a new record of $3.4 billion in 24 hours. Much of that activity came from BTC and ETH pairs, with the platform now ranking as the second-largest venue globally for Bitcoin (BTC) spot trading.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Spot volumes on Hyperliquid reached a new 24h ATH of $3.4B. This was driven largely by growth in BTC and ETH deposits and spot volume, facilitated by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hyperunit?ref_src=twsrc%5Etfw\" target=\"_blank\">@hyperunit<\/a>.<\/p>\n<p>This makes Hyperliquid the second largest venue to trade spot BTC across both centralized and decentralized\u2026<\/p>\n<p>\u2014 Hyperliquid (@HyperliquidX) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/HyperliquidX\/status\/1959874702056567022?ref_src=twsrc%5Etfw\" target=\"_blank\">August 25, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The trend is backed by DefiLlama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/hyperliquid?tvl=false&amp;groupBy=weekly&amp;dexVolume=true\" target=\"_blank\">data<\/a>, which shows monthly decentralized exchange volumes topping $16 billion in August, already well above July\u2019s $11 billion. At the same time, the platform\u2019s total value locked has climbed to $685 million, the highest in six months.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid technical analysis<\/h2>\n<p>The daily chart shows HYPE consolidating near its mid-Bollinger Band, just above $45. While this suggests stability, a breakout may be imminent given that the bands have started narrowing. The MACD displays a slight bearish crossover, suggesting short-term caution, while the relative strength index is neutral at 52, indicating balanced momentum.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Hyperliquid daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>Moving averages tell a stronger story. From the 10-day EMA ($44.16) through the 200-day SMA ($29.32), every key moving average currently flashes buy signals, reflecting an intact uptrend structure.<\/p>\n<p>If the $45 level holds, buyers could drive a move toward $48.50 and potentially back to July\u2019s peak near $50. Failure to hold the $44 support (mid-band) risks a drop toward $40.50, the lower bound of its 7-day range. A break below that could trigger broader downside pressure.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid price is holding firm at $45 despite a modest dip, with record trading volumes suggesting its market momentum may only be getting started. Summary Hyperliquid trades steadily at $45&hellip;<\/p>\n","protected":false},"author":1,"featured_media":681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8827"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8827\/revisions"}],"predecessor-version":[{"id":8828,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8827\/revisions\/8828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/681"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}