Hyperliquid Wipes out $36.5M Shorts as HYPE Climbs Within Cents of ATH

Bitcoin.com•Thursday, May 21, 2026 at 1:25:19 PM

PositiveCryptocurrency

Hyperliquid Wipes out $36.5M Shorts as HYPE Climbs Within Cents of ATH

What Happened
Hyperliquid has successfully eliminated $36.5 million in short positions as its cryptocurrency, HYPE, surged close to its all-time high (ATH). This significant price movement occurred on May 21, 2026, reflecting a strong bullish sentiment in the market.
Why It Matters
The wipeout of shorts indicates a robust demand for HYPE, suggesting investor confidence in Hyperliquid's potential. This development may attract more traders and investors, potentially leading to further price increases and a stronger market position for Hyperliquid in the cryptocurrency sector.

— via World Pulse Now AI Editorial System

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