HYPE hits all-time high of $59.30 as short squeeze burns $33.5M in bearish bets!

Hyperliquid's native token HYPE surged to a record $59.30 on Thursday, punishing a crowded short trade that had built up against the rally. The long/short ratio sat at just 0.89 — more accounts were shorting HYPE than going long for the first time since January — and funding rates had flipped…