Hyperliquid has seen a remarkable surge in open interest, reaching a stunning $997.5 million, the highest level recorded (as per CoinGlass). The price of HYPE has surged 22% over the past week, currently trading at $30.72. Indicators such as the Relative Strength Index (RSI) at 76.76 and a MACD crossover suggest a strongly overbought condition. Meanwhile, rising accumulation and capital inflow indicate a positive outlook for HYPE. With whales also noticing this phenomenon, many are wondering if this signals a potential new all-time high in the making. Investors are advised to keep a close eye on these developments.