• Arthur Hayes predicts the Hyperliquid crypto price could reach $150.
• Hayes’ prediction is supported by strong trading activity, which fuels more buybacks.
• The immediate resistance levels to watch sit at $35.03, $39.87, and $43.82.

The price of Hyperliquid (HYPE) has climbed steadily as it responds to growing bullish sentiment around the fast-rising derivatives exchange.

At press time, the token was trading at around the $33 after a strong recovery from recent lows.

Why is the price of Hyperliquid crypto rising?

Much of today’s Hyperliquid crypto price surge can be attributed to the excitement around Arthur Hayes’ prediction that the HYPE token could surge to $150 this year.

My essay on why $HYPE is going to $150 by August 2026.

https://t.co/M1la2HpdzT

— Arthur Hayes (@CryptoHayes) March 9, 2026

This bold forecast has quickly become one of the most talked-about topics in the crypto derivatives market.

Hayes believes the rally could unfold over the next few months as the Hyperliquid exchange continues to expand its ecosystem and attract new trading activity.

He even described HYPE as his largest liquid altcoin bet, a statement that immediately caught the attention of traders looking for the next major breakout project.

Notably, Hayes’ prediction comes at a time when decentralised derivatives platforms are gaining ground in the broader crypto industry.

More traders are exploring alternatives to centralised exchanges, especially platforms that offer deep liquidity and fast execution, and Hyperliquid has managed to capture that demand by focusing on high-performance infrastructure and a streamlined trading experience.

As a result, Hyperliquid has rapidly built a reputation as one of the most active decentralised derivatives venues in the market.

Strong trading activity supports the bullish HYPE outlook

One of the key factors supporting the bullish narrative is the platform’s growing trading activity.

Higher trading volumes translate directly into revenue for the protocol, and a large portion of this revenue is used to buy back HYPE tokens from the market.

These buybacks tighten the supply of HYPE tokens available on exchanges and help strengthen price momentum during periods of rising demand.

Nevertheless, analysts believe that reaching Hayes’s ambitious $150 target would likely require a major expansion in exchange revenue.

That kind of growth would depend heavily on continued adoption of derivatives trading within the crypto sector.

The key technical levels to watch

Beyond the fundamental story, technical indicators are also providing clues about where the Hyperliquid (HYPE) price could move next.

Recent price movements show that $32.28 has emerged as a short-term support zone since it has repeatedly held during recent pullbacks.

If that support gives way, the next support level appears near $28.98, which has acted as a historical price floor.

On the upside, traders should closely watch the $35.03 resistance level.

The cryptocurrency has tested this zone several times in recent sessions.

A clear breakout above that level could open the door for a move toward $39.87, which analysts say represents the next major resistance area.

If momentum continues beyond that point, the third resistance level sits around $43.82.

Breaking through these resistance levels would likely confirm a stronger bullish trend in the months ahead, likely towards the Arthur Hayes-predicted price target.

Arthur Hayes, co‑founder of BitMEX, has pointed to hedging tied to BlackRock’s iShares Bitcoin Trust (IBIT) as a major driver behind the recent Bitcoin sell‑off.

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According to Hayes, dealer hedging related to IBIT and similar structured products can force large, mechanical selling when markets move against those positions.

Reports note that such moves can amplify a price drop already set off by other pressures.

Heavy Hedges Can Trigger Sudden Selling Pressure: Hayes

Hayes argues that banks and dealers who underwrite structured notes and ETF‑linked products often hedge their exposure in the spot and derivatives markets.

Those hedges can be heavy and fast. When a large product faces outflows or redemption triggers, hedges are adjusted quickly. That can translate into sudden selling pressure that pushes prices down further, especially if liquidity is thin.

$BTC dump probably due to dealer hedging off the back of $IBIT structured products. I will be compiling a complete list of all issued notes by the banks to better understand trigger points that could cause rapid price rises and falls. As the game changes, u must as well. pic.twitter.com/9DF8VE9XBL

— Arthur Hayes (@CryptoHayes) February 7, 2026

Market Moves And Liquidity Stress

The market behaved like a room of people trying to leave at once. Prices plunged, then bounced. Reports say Bitcoin fell steeply from its recent highs before staging a partial recovery.

Bitcoin has fallen to around $68,500 Saturday, down 16% in the last seven days, data from Coingecko shows.

Trades and order books showed spikes in volume, which is one sign that hedging flows and quick rebalancing were at play. Some analysts say macro news and trader positioning also mattered. The truth likely sits in the overlap of these causes.

Who Bears The Risk

Dealers carry risk when they underwrite complex products. In certain moments, that risk is passed back into the market through hedging. That’s how, according to Hayes, a few large issuers can indirectly set off a chain reaction that affects many other holders and traders. The moves can be sudden and mechanical, not always driven by sentiment.

A Watchful Washington

Reports say the role of spot ETFs in crypto markets is now on regulators’ and policymakers’ radar. US President Donald Trump’s economic team has been monitoring big flows into and out of institutional vehicles, while market participants debate whether ETFs stabilize prices or add new stress points.

Whatever the view, structured products now form a clear link between traditional finance and crypto volatility.

Broader Takeaways

This episode underlines how new financial plumbing can create new channels for contagion. Some see the presence of large, regulated players as a net positive for long‑term adoption.

Others warn those same players introduce conventional market mechanics that can behave unpredictably when stretched. Reports note both perspectives are useful when piecing together why prices moved the way they did.

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Who Is Right, And What Next

Hayes has laid out a theory that ties observable hedging flows to the crash. It is a compelling thread that fits many of the market signals seen in recent days.

Still, other factors—macro shifts, concentrated profit‑taking, and liquidity gaps—likely played parts as well. Traders will watch flows closely, and structured product issuers will be asked hard questions.

Featured image from Unsplash, chart from TradingView