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Hyperliquid faces bearish pressure as a whale deposits $37.8M worth of HYPE into Coinbase amid downtrend.

Technical Signals
26 Oct 2026, 15:00 WIB
AMBCrypto
View Source
Bearish
Hyperliquid faces bearish pressure as a whale deposits $37.8M worth of HYPE into Coinbase amid downtrend.

Hyperliquid (HYPE) has been in a downtrend since early October, falling from $95 to around $76. Recently, a whale deposited 494,310 HYPE tokens worth $37.83 million into Coinbase, signaling potential selling pressure. Despite exchange outflows suggesting some investors are holding, technical indicators like RSI and ADX point to continued bearish momentum. If the price breaks below $75 support, HYPE could drop further below $70 unless it closes above $80 to reverse the trend.

Following the recent whale deposit that stirred bearish sentiment around Hyperliquid, HYPE is currently trading at Rp1.396.184 on Pluang as of Oct 26, 2026 19:23 WIB. The token shows a positive 1-day change of 1.27%, with a market cap of Rp354,93 trillion and a 24-hour trading volume of Rp12,23 trillion. Pluang users display a buying preference with 69% buy orders versus 31% sell, and the typical hold time is 38 days, indicating some investor confidence despite the broader downtrend.

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