Hyperliquid’s price struggles as whale offloads 215K HYPE: Is a drop coming?
2025-07-06 13:09:35
Main Idea
Hyperliquid (HYPE) is experiencing a price struggle due to a whale selling a large amount of tokens at a loss, leading to low trading volume and bearish sentiment, with potential for further decline or a short squeeze.
Key Points
1. A Hyperliquid whale sold 215,850 HYPE at a $290K loss, contributing to the token's price struggles.
2. HYPE's daily trading volume dropped to $143.3 million, the lowest in over three months, indicating reduced investor interest.
3. Weighted Sentiment for HYPE reached -1.229, a monthly low, reflecting strong bearish sentiment.
4. HYPE's Perpetual Volume declined to $2.436 billion from a recent high of $8.7 billion, signaling cooling derivatives market interest.
5. Technical indicators suggest HYPE could drop to $36.8 if bearish conditions persist, but a sentiment flip could trigger a short squeeze pushing the price to $41.
Description
How low does HYPE need to fall before bargain hunters step in again?
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