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Hyperliquid drops 27% after whale profit-taking amid Bitcoin losses, testing key support zone.

Technical Signals
10 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Hyperliquid (HYPE) fell 27% from $75 to $55.7 following profit-taking by large holders (whales) and a broader market sell-off linked to Bitcoin's decline. The price pullback retested a critical Fibonacci support zone between $48-$55, which could attract buyers if Bitcoin stabilizes above $60K. While whale selling increased, some smart money investors bought the dip, suggesting potential for a rebound, especially with upcoming catalysts like the Coinbase deal boosting HYPE buybacks.

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