In the cryptocurrency derivatives market, high leverage has always been a double-edged sword. It can create wealth myths overnight but can also wipe out vast sums of money in an instant. Just on April 6, a shocking "wealth zeroing" tragedy unfolded on the Hyperliquid platform: renowned trader James Wynn, while shorting Bitcoin with approximately 40 times leverage, encountered extreme market conditions. His account balance, which peaked at nearly $100 million, was ultimately reduced to a lamentable $900 after six consecutive liquidations over two weeks.

However, amidst the fermentation of this billion-dollar liquidation storm, an announcement from Hyperliquid's official account revealed the true solid long-term value logic behind the platform, which is highly favored by BitMEX co-founder Arthur Hayes, with a target price aiming for $150.

Rejecting the "Casino" Label: A Textbook-Level Decentralized Risk Control

On April 5, Hyperliquid released an official announcement about an important risk control adjustment: based on the risk assessment methodology of community members and extensive community feedback, the platform decided to lower the maximum leverage for the five major popular assets, INJ, LDO, OP, SEI, and TIA, to 5 times.

For many traders seeking extreme speculative experiences, reducing leverage may seem like "limiting the imagination of making money." However, from the perspective of professional data analysis and institutional investors, this is precisely a key step for Hyperliquid to evolve from a "wild casino" to a "professional financial infrastructure."

The announcement clearly stated that this leverage adjustment would not affect the liquidation prices of existing positions, and traders could smoothly transition through "reduce-only" orders. This smooth handling method, combined with transparent margin maintenance calculation rules (half of the initial margin under maximum leverage), demonstrated the platform's high maturity.

What is even more thought-provoking is the decision-making process behind this risk control adjustment. It was not made by a centralized team behind closed doors but originated from the open-source research and consensus of community members. This data-driven, community-governed decentralized risk control model completely breaks the traditional "black-box operation" in risk control rules of CEX (centralized exchanges), setting a new benchmark for the long-term security of DeFi protocols.

Arthur Hayes' $150 Prophecy: A Deflationary Flywheel Surrounded by Risk Control

James Wynn's loss of over $100 million painfully proved that, in the face of high leverage without scientific risk control, no amount of capital is more than just a number. By proactively lowering the leverage limit for highly volatile altcoins, Hyperliquid is effectively protecting traders' capital safety and preventing the spread of systemic risks.

It is this pursuit of a long-term healthy ecosystem that has attracted favor from top capital and industry leaders. BitMEX co-founder Arthur Hayes recently stated that he is extremely optimistic about Hyperliquid's development, giving a stunning target price of $150 for the HYPE token by August 2026—indicating an over fourfold increase from the current price.

What gives Hayes such confidence? In addition to currently holding over 70% of the market share in on-chain perpetual contracts, the core logic lies in Hyperliquid's unparalleled "97% Revenue Buyback and Destruction Model".

When a platform can ensure the long-term stable operation of its trading ecosystem through scientific risk control mechanisms (such as lowering leverage for highly volatile assets), it can continuously attract huge trading volumes (like the recent daily average of tens of billions in volume and explosive growth in the HIP-3 macro asset market). Furthermore, 97% of the transaction fees generated from these trades are directly used to buy back and destroy HYPE tokens in the market.

The " Safe Risk Control → Stable Liquidity → Huge Revenue → Extreme Deflation " flywheel effect is precisely the core reason why Arthur Hayes believes the valuation of HYPE has not yet peaked.

AiCoin: Using Professional Tools to Manage Risks and Embrace Profits

Whether facing the temptation of high-leverage similar to James Wynn's or responding to the platform's risk control adjustments, having a professional trading terminal is your bottom line for survival and profitability in this market full of opportunities and traps.

As a leading data analysis and trading terminal, AiCoin not only helps you instantly capture important information, such as "leverage adjustments," but also provides you with a full suite of risk control and trading tools:

 

• One-Click Secure Authorization: Authorize your Hyperliquid account directly on the AiCoin PC terminal, safely and quickly, keeping track of fund movements.
• Millisecond Flash Ordering and Risk Control: Through the floating panel on the chart, you can achieve one-click market orders. More importantly, it supports drag-and-drop take profit and stop loss and quick closing functions, allowing you to control risk faster than others during extreme market conditions, avoiding the repeat of "wealth zeroing."
• Comprehensive Data Monitoring: Real-time tracking of funding rates, long-short ratios, and large orders of major trading pairs, using objective data to hedge subjective greed.

Actual operation is super simple:

Step 1: Open Hyperliquid BTC/USDC candlestick on AiCoin

Step 2: Find the toolbar and check the Flash Order

Step 3: Click the green "Buy Long" or red "Sell Short" → Instant Execution

Exclusive Benefits: Register or authorize Hyperliquid through AiCoin, bind the invitation relationship (Invitation Code: AICOIN88), and enjoy 4% fee rebates.

https://app.hyperliquid.xyz/join/AICOIN88

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📖 Beginner Tutorial:

“AiCoin PC Terminal Hyperliquid Authorized Trading Tutorial”:

https://www.aicoin.com/zh-Hans/article/514197

 

“Zero-Basis Entry! Hyperliquid First Trade Ultra-Detailed Illustrated Tutorial”:

https://www.aicoin.com/zh-Hans/article/510225

Hyperliquid's proactive reduction of leverage signals the end of the era of wild growth and the arrival of the professional trading age. On this journey toward a target price of $150, bring along AiCoin, allowing professional data and tools to become your most solid moat.

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