HYPE price surged 20% to $72.30 after Donald Trump announced that CFTC Chairman Mike Selig is working to bring Hyperliquid into the United States under a compliant regulatory framework. This rally was accompanied by a spike in trading volume and an RSI reading of 84.89, its highest level since early May. One trader holding a long position entered prior to the White House meeting shows approximately $43 million in unrealized profits, while Loracle’s short position of 685,740 HYPE worth roughly $47.79 million faces approximately $10.95 million in unrealized losses with liquidation risk at $87.607. Total liquidations reached $54.4 million, with $48.16 million from shorts, and the next technical test lies in the concentrated liquidity zone between $72 and $73.
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