FalconX Says Institutional Capital Is Rotating From Bitcoin and Ether Into Hyperliquid’s HYPE
Summary
- FalconX said institutional investors are moving capital into Hyperliquid (HYPE) instead of Bitcoin (BTC) and Ether (ETH).
- It said the HYPE token and platform have become a key liquidity hub for hedge funds and institutional investors, and that HYPE trading volume has surpassed ETH on some trading days.
- It also said that as HYPE reached a new all-time high, whale accumulation and profit-taking appeared at the same time, leaving opinions divided over its next price direction.
Forecast Trend Report by Period
Institutional investors are rotating capital into Hyperliquid’s HYPE token from Bitcoin and Ether, reflecting growing interest in altcoins and on-chain derivatives among professional investors.
CoinDesk reported June 2 that Joshua Lim, global co-head of markets at crypto prime brokerage FalconX, said HYPE and the Hyperliquid platform are emerging as a key liquidity hub for hedge funds and institutional investors.
Speculative capital is moving into HYPE, Zcash and artificial intelligence-themed tokens as macroeconomic uncertainty persists and spot Bitcoin and Ether exchange-traded funds continue to see outflows, Lim said.
On some trading days, HYPE trading volume has surpassed Ether, he added.
HYPE has recently drawn market attention after climbing to a record high. At the same time, on-chain data shows whale accumulation and profit-taking occurring simultaneously, leaving views split on the token’s next price move.
Some market participants say institutional interest is shifting in part away from established large-cap assets and toward high-growth themes and on-chain financial infrastructure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
