The HYPE price has rebounded sharply, recovering from recent volatility that saw a $44 million whale liquidation earlier this week, which rattled traders. After plunging to around $36, the HYPE price surged over 7% in the past 24 hours, now trading around $40 as bullish sentiment returns.

The rally follows its landmark listings on Binance and Coinbase, a move that has sparked renewed confidence in the fast-rising DeFi Layer 1 network. According to on-chain data from Coinglass, funding rates have flipped positive while whale accumulation has increased.

Analysts suggest the next HYPE price target could be the $51.15 resistance level if buying pressure continues, with RSI levels slowly trending toward neutrality after oversold readings. The comeback supports Hyperliquid’s resilience despite high-leverage trading risks exposed by the whale’s massive loss.

Binance and Coinbase Listings Spark Institutional Momentum

The simultaneous listings of HYPE on Binance and Coinbase have been pivotal for the recovery. Both exchanges introduced major trading pairs like HYPE/USDT and HYPE/BTC, dramatically improving global liquidity and accessibility.

This dual-listing marks Hyperliquid’s official transition from a niche derivatives protocol into a mainstream DeFi contender, attracting both institutional and retail traders.

Institutional interest has also accelerated following reports that BlackRock and Fidelity are exploring integrations of Hyperliquid’s oracle feeds into upcoming ETF products.

Although no official confirmation has been issued, analysts view this as strong validation of Hyperliquid’s underlying technology, which is known for its sub-millisecond transaction speeds and hybrid consensus that combines proof-of-stake with zero-knowledge proofs.

Technical Outlook: Signs of a Broader HYPE Price Revival

Technically, the HYPE price structure is showing early signs of recovery after testing key support around the 200-day EMA, near $38. If momentum holds, analysts expect a push toward $51.15, where the next major resistance sits.

Meanwhile, daily active addresses have doubled in the past week, and Hyperliquid’s total value locked (TVL) has climbed over 150% since late October, evidence of sustained ecosystem growth.

With funding rates turning positive and exchange inflows rising, traders anticipate that HYPE may regain its prior highs sooner than expected. While the whale’s $44 million loss remains a cautionary tale of leverage gone wrong, the market’s swift rebound suggests confidence in a further HYPE price surge.

Cover image from ChatGPT, HYPEUSD chart from Tradingview

Bitcoin Magazine

Boltz Exchange Becoming The Leading Bridge Across Bitcoin Layers via “Holy Grail” Technology

Boltz, the bitcoin-only instant swap exchange, is cornering a niche sector of the bitcoin industry and quickly becoming a favorite of advanced bitcoin users. Its fully open source tech stack, which is actually trust-less, unlocks a variety of possibilities for the industry, including a zero-custody risk bridge across Bitcoin layers. 

Boltz exchange was founded in 2019 by Kilian and another pseudonymous co-founder, as a solution to managing liquidity in the Lightning Network for an early Bitcoin Defi project called OpenDex. Realizing quickly how complex lightning liquidity management was, the team ended up pivoting to the maintenance and polishing of Boltz, a liquidity service provider or LSP. Boltz has been self-funded ever since.

Boltz infrastructure supports multiple Bitcoin wallets today, such as BTCPay server via a plugin, Aqua wallet, Bull Bitcoin, and Breez, to name a few that are publicly known. As a result, Boltz is becoming an increasingly popular and respected company and open source project, an infrastructure cornerstone of Bitcoin’s Lightning Network today. 

The Boltz Lightning node is one of the biggest, boasting on its website 759 Channels, 1022 Peers, 84.625 BTC worth of capacity, and 6.60 years since the oldest operating channel was opened, though these metrics are likely out of date. Their Lightning Network support lets advanced lightning node operators ‘balance their channels’ an otherwise complicated process that generally gets obfuscated away from end users of lighting powered Bitcoin wallets. 

Boltz, however, is more than just an LSP; “We want to be the connecting tissue between all the Bitcoin layers.” Kilian told Bitcoin Magazine in an exclusive interview, discussing the vision and progress of the Boltz exchange so far. Initially built to support Bitcoin on-chain to Lightning Network swaps, today it supports Rootstock and the Liquid Network as well, the most popular ways of using bitcoin by far. To date, Botlz has only dealt in BTC, instead of integrating other blockchains or assets, perfecting its craft and locking in its niche.

In 2023, Boltz added support for the powerful and feature-rich Liquid Network, an open-source federated blockchain where federation members hold keys in a large Bitcoin multisig that collateralizes their L-BTC asset in full reserve. Liquid is one of the oldest two Bitcoin projects and was created by Adam Back and Blockstream. Despite having faster block times, a powerful set of programming scripts for smart contracts, and excellent privacy features such as encrypted transaction amounts on chain, Liquid has struggled to get adopted by centralized exchanges, making access to its feature set very difficult. Boltz integration opened a major bridge between on-chain bitcoin and the speed, programmability, and privacy of the Liquid Network, making wallets like Aqua and Bull Bitcoin possible. 

Shy to share internal numbers, Killian told Bitcoin Magazine the integration “was quite the success story — it was taken on pretty well by the market, it just made sense for people.” Looking back on the market at the time, on-chain bitcoin fees were very high and were causing problems across the industry. Kilian noted, “We had a high fee environment. The main chain was hyper-expensive. So Liquid swaps clicked for a lot of people, and that’s how we really moved into this niche of connecting Bitcoin layers. A Bitcoin bridge for different Bitcoin layers, that’s really how this direction for us was fortified.”

In November of 2024, Boltz expanded into Rootstock support, a 2015 era layer two, little known among the English-speaking crowd, though very popular in Latin America, particularly Argentina, where many of its founders are from. Still shy to share internal numbers, Killian told Bitcoin Magazine that the integration with Rootstock has ‘gone well’, likely serving as one of the best ways to turn on-chain bitcoin into rBTC, an essential asset of the Rootstock ecosystem. Rootstock’s claim to fame is bringing to Bitcoin the integration of an Ethereum-compatible “EVM”, the smart contracting language on top of which most of DeFi is built across the crypto ecosystem today.

The most interesting feature of Boltz, however, is its use of Atomic Swaps, an ancient “Holy Grail” of Bitcoin theory that can be traced back to the earliest discussions in the Bitcoin Talk forum. Atomic Swaps make it possible for users to trade against Boltz without having to trust the Boltz team or company not to steal the money, a luxury in finance across history. All centralized exchanges require such trust, as do most instant swap exchanges in the market today. Boltz integration with this sophisticated type of smart contract means that anyone can fundamentally run a local instance of Boltz and be a reliable trade partner of the public, without the need to bootstrap a brand or a reputation. 

But how do Atomic Swaps work? Leveraging the public nature of blockchains, Atomic Swaps function around a shared secret. This secret is used to lock the funds during the trade between two parties. For one party to claim the funds of the other, they must publish this secret to the blockchain, allowing the counterparty to do the same, resulting in the ‘atomic’ execution of the trade. 

This protocol solves a key issue of trust in business. Who sends the money first? Who sends the goods first? Whoever does, takes a certain amount of risk as it allows the counterparty to take the goods and run. Atomic Swaps eliminate that risk entirely. They essentially allow for the creation of a non-custodial crypto exchange. Though the implementation details and user experience vary, as some blockchains do not have the right script or smart contracting tools to support Atomic Swaps, while fiat is — so far — ruled out entirely as bank transfers are almost always reversible, undoing atomicity. 

Looking out into the future of Boltz and the programmability of Bitcoin as money for the digital age, Kilian said, “I think we will see a new breed of layer two projects launching early next year. So, probably stuff that you and I have never heard about, but there are so many projects, so much stuff. So this is a really interesting space to be in. And the difficulty, the quest, will be to separate the good from the bad.”

This post Boltz Exchange Becoming The Leading Bridge Across Bitcoin Layers via “Holy Grail” Technology first appeared on Bitcoin Magazine and is written by Juan Galt.

Last updated on November 04, 2025

This Article Was First Published on The Bit Journal.

Bitcoin liquidation rocked the crypto market this week after Bitcoin tumbled from $112,000 to below $106,000, erasing over $1.27 billion in leveraged positions. According to the source, long traders bore the brunt of the damage, losing nearly $1.14 billion as cascading sell-offs triggered automatic closures across major exchanges.

The wave hit just as traders were bracing for the Federal Reserve’s policy decision, adding fuel to fears that tightening liquidity could squeeze crypto leverage once again.

Massive Bitcoin Liquidation Wave Hits Long Traders

Data from leading analytics platforms showed Bitcoin liquidation activity surged to one of the highest levels since August. Hyperliquid topped the list with $374 million in forced closures, followed by Bybit with $315 million and Binance at $250 million. The single most significant liquidation, worth $33.95 million, came from a BTC-USDT long on HTX.

Bitcoin’s price has now stabilized around $106,200, but sentiment remains fragile. Analysts note that heavy long liquidations often mark “short-term bottoms”, as over-leveraged positions are flushed out before a potential rebound. However, with open interest still near $30 billion, traders remain wary of another swing before the Fed’s statement later this week.

Ethereum And Solana Join The Slide

Ethereum (ETH) and Solana (SOL) also felt the shockwave. Combined altcoin liquidations surpassed $300 million, as both tokens slid 5% to 8% over 24 hours. ETH now trades near $3,030, while SOL hovers around $160.

Market watchers say these wipeouts are part of a broader leverage reset. One trader commented on social media that “thin liquidity and stacked long positions” created the perfect storm for a rapid downturn.

Charts from an official site show dense liquidation zones between $105,000 and $107,000 for Bitcoin, suggesting these areas could act as temporary support if buyers return.

What This Bitcoin Liquidation Means For Traders

This Bitcoin liquidation serves as a reminder that using leverage increases both profits and losses. In periods of extreme market activity, even minor price adjustments can escalate into large-scale selling. Experts note that in such cases, funding rates usually decline, thereby reducing speculation and providing spot-market buyers with a better entry point.

Still, the fact that open interest remains elevated suggests traders are far from abandoning risk. Some believe another Bitcoin liquidation could occur if prices retest the $103,000–$104,000 range, while others see it as a “healthy reset” before the next rally.

Conclusion

The recent Bitcoin liquidation is a loud warning for those traders who have over-leveraged themselves. It is a reminder to the market that volatility is always present, especially as major events like the Fed’s decision approach.

Short-term discomfort could disrupt bullish sentiment, but these shakeouts usually contribute to the gradual development of stronger, more sustainable growth after the dust settles.

Glossary of Key Terms

• Bitcoin Liquidation: Forced closure of a leveraged position when margin levels drop below the exchange’s requirement.
• Leverage: Borrowed capital used to amplify potential gains or losses in trading.
• Open Interest: The total number of outstanding futures contracts yet to be settled.
• Funding Rate: A periodic fee paid between traders to keep futures prices aligned with spot prices.

FAQs About Bitcoin Liquidation

1. What caused the recent Bitcoin liquidation?

A sharp price drop from $112,000 to $106,000 triggered automatic sell-offs on leveraged long positions.

2. Which exchanges saw the highest liquidations?

Hyperliquid led with $374 million, followed by Bybit and Binance.

3. How do liquidations affect Bitcoin’s price?

They often create short-term volatility but can reset leverage for healthier price action later.

4. Are more liquidations expected this week?

Analysts are cautious, citing the Federal Reserve’s upcoming decision as a potential catalyst.

5. How can traders manage liquidation risk?

Use lower leverage, set stop-loss orders, and monitor funding rates regularly.

Read More: Over $1 Billion in BTC, ETH, and SOL Trades Liquidated as Market Slides 5–10%">Over $1 Billion in BTC, ETH, and SOL Trades Liquidated as Market Slides 5–10%