Hyperliquid open interest reaches $3B — but can HYPE sustain its $71B valuation?

What happened

Hyperliquid's HYPE token rallied 44% to an all-time high of $76.90, supported by a 32% weekly surge in open interest to $3 billion.

What we think

The most likely outcome is a volatile consolidation within the $70.00 to $78.00 range (45% probability), with occasional spikes toward $80.00.

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Hyperliquid open interest reaches $3B — but can HYPE sustain its $71B valuation?

We explain what happened and what could follow. We do not forecast prices.