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Hyperliquid falls below $80 amid market pressure, but a whale stakes $100M in HYPE tokens.

Technical Signals
16 Oct 2026, 02:00 WIB
AMBCrypto
View Source
Bearish
Hyperliquid falls below $80 amid market pressure, but a whale stakes $100M in HYPE tokens.

Hyperliquid (HYPE) dropped below its $80 support level to $78 due to market weakness after disappointing CPI data, trading around $79 at press time. Despite the decline, a whale staked 1.255 million HYPE tokens worth over $100 million, signaling confidence and reducing immediate sell supply. However, bearish pressure from derivatives markets persists, with futures outflows and high sell volume on Binance. The Relative Strength Index indicates continued weakness, suggesting HYPE may drop to $75 unless staking absorbs selling pressure and helps reclaim $80-$88 levels.

Hyperliquid (HYPE) is trading at Rp1.461.196 on Pluang as of Oct 16, 2026 06:21 WIB, showing a modest 0.51% increase over the past day. The platform's order activity is nearly balanced with 52% sell and 48% buy, indicating mixed sentiment among traders. Typical hold time for HYPE on Pluang is 37 days, reflecting a moderate investment horizon amid current market conditions.

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