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Hyperliquid faces heavy whale selling and shorting, risking a drop below $40 support level.

Market News
21 Apr 2026
AMBCrypto
View Source
Bearish
pluang ai news

Hyperliquid's token price dropped from $45 to $40 amid broad market weakness, with a major whale selling 199,999 HYPE tokens for $8.15 million to exit the market. This selling pressure, combined with aggressive short positions and bearish momentum indicators, suggests the $40 support level is at risk. If the support breaks, the price could fall to $38; otherwise, a rebound to $43 is possible. The market sentiment remains bearish as whales dominate selling and shorting activity.

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