Hyperliquid’s spot market is seeing larger whale orders at higher prices. The chart tracks average order size on Hyperliquid, separating normal flow (grey) from big whale orders (green). What stands out is the right side of the timeline. As price climbed through 2026, the green clusters, the large whale orders ,have grown both in size and frequency. Earlier periods show smaller and more scattered green activity. Recent months show thicker, higher green concentrations sitting at elevated price levels. This is a useful signal. It suggests that larger capital is willing to transact in size even as the market has moved higher. When whale order sizes expand at higher prices rather than only appearing during dips, it often reflects growing conviction or deeper liquidity participation rather than pure bottom-fishing. It doesn’t tell us direction on its own. Large orders can be accumulation or distribution. But the pattern is clear: the biggest tickets on Hyperliquid’s spot side have scaled up alongside price, not faded as the market rose. That’s the more interesting takeaway from the data. $HYPE #BTC Price Analysis# #Altcoin Season#