Hyperliquid (HYPE) surged to $47 before sharply falling to $41, down 10.4% amid strong bearish pressure. A whale investor took a large 180,000 HYPE long position with 10x leverage worth $7.78 million, signaling optimism for a rebound. However, increased liquidations and sell-side pressure in futures markets have pushed the price close to the critical $40 support level, with risks of further decline to $38 if downward momentum continues. Traders are watching to see if the $40 support holds or if HYPE will recover to $44 after this correction.
Large holders increased their HYPE token exposure by withdrawing over 375,000 tokens worth $23 million from exchanges into private custody, reducing available supply. This accumulation happened as HYPE traded just above a key $60 support zone, formin...
Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana...
The HYPE token has formed a bearish 20-4H/50-4H EMA death cross, signaling weakening short-term momentum and a potential short-term selloff. However, previous death crosses led to brief declines followed by rebounds from oversold conditions. Currentl...
Over $30 million rotated out of stablecoins USDT and USDC into major cryptocurrencies, with Bitcoin Cash (BCH) receiving the largest inflow of about $7.71 million. Ethereum and Bitcoin followed with $4.51 million and $4.28 million respectively. This ...
Solana generates nearly twice the 24-hour app revenue compared to Hyperliquid, but most of Solana's revenue benefits apps, not SOL token holders. Hyperliquid's revenue model ties directly to its HYPE token through buybacks and burns, supporting token...
