Hyperliquid up 170% from April lows: Will Bitcoin perps dominance push HYPE to $40?

By: bitcoin ethereum news|2025/05/16 06:15:06
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Hyperiquid flipped Deribit in the Bitcoin perps market and could go for OKX as the next target. HYPE was forming a bullish pattern that could rally it to $45 if validated. Hyperliquid [HYPE] has gained a Bloomberg spotlight after breaking into the CEX (centralized exchange)-dominated Bitcoin perpetual swaps (perps) market. Is this the larger trend that could fuel its native token, HYPE, higher? Hyperliquid growth BTC perps are popular derivative instruments with retail, given their simplicity tied to Funding Rates. The market is heavily dominated by Binance, Bybit, OKX, and Deribit — all centralized platforms. But Hyperliquid, a DEX (decentralized exchange) operating on its blockchain, is eating the CEXes’ market share. A source in the Bloomberg report linked Hyperliquid’s growth to a user-centric approach, especially for those seeking to trade anonymously. “It consolidated a fragmented DeFi trader userbase with good UX, kept the advanced retail around with deep liquidity and solid tech, then made everyone an owner with airdrops, creating an organic, but cult-like following.” According to Velo data , Hyperliquid BTC’s OI (open interest), or money inflows, topped $1.8 billion, surpassing Deribit’s $1.14B. OKX’s $2.56 could be the next to be flipped if the growth trend continues. In fact, Hyperliquid’s total OI was at an all-time high of $5.6 billion for all listed tokens, including SOL and ETH. In terms of total trading volumes since its debut, the DEX has done over $1 trillion. Source: Hyperliquid The rate of adoption has been astonishing, too. Since the April market rebound, new daily users have grown from 200 to over 2000, marking a 900% adoption rate. Over the same window, HYPE, a native token to the DEX and its overall ecosystem, rallied over 170%. Interestingly, HYPE holders are entitled to fee discounts. Besides, an ongoing deflationary program ( buyback ) reduces supply, collectively creating demand and value appreciation. On the daily price chart, the price action was on the verge of forming a bullish inverted head and shoulders pattern. If the pattern is validated, HYPE could surge to a new high of $45. However, the neckline at $27 and the overhead at $35 must be cleared first before such an ascent. Source: HYPE/USDT, TradingView On the downside, the 50-day EMA of $19.6 (Exponential Moving Average) could act as a potential support in case of a sharp pullback. Source: https://ambcrypto.com/hyperliquid-up-170-from-april-lows-will-bitcoin-perps-dominance-push-hype-to-40/

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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