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Hyperliquid (HYPE) falls below $60 amid $30M wallet deposits and strong selling pressure.

Market News
18 Jul 2026
AMBCrypto
View Source
Bearish
Hyperliquid (HYPE) falls below $60 amid $30M wallet deposits and strong selling pressure.

Hyperliquid's price dropped below $60 after failing to rebound past $68, declining 11.2% in 24 hours. An a16z-linked wallet moved 471,500 HYPE worth $30.57 million to multiple exchanges, signaling potential selling pressure, though it still holds over 9 million HYPE tokens. Despite this, spot market data shows buyers accumulating HYPE during the decline, with negative net outflows from exchanges and ETF inflows pausing. Technical indicators suggest bearish momentum remains, with potential further drops to $52 unless spot demand strengthens to push prices back above $60 and possibly toward $68.

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A large crypto investor increased long positions by about $10.62 million on Bitcoin, HYPE, and ZEC, bringing total long holdings to over $60.95 million. The account bought 96 BTC, 17,283 HYPE, and 1,215 ZEC at average prices of $81,597, $80.59, and $...

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