𝗛𝗬𝗣𝗘 𝗶𝘀 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝗶𝗻𝗴 — 𝗯𝘂𝘁 𝗜’𝗺 𝗻𝗼𝘁 𝗯𝘂𝘆𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵.
$HYPE has bounced from around $51 to $57+, but something caught my attention.
A whale deposited 60K HYPE, sold 31.5K for roughly $1.77M, and still has a 40K HYPE TWAP sell order active.
Now look at the chart.
HYPE is recovering directly below the major $61.8–62 resistance, while the higher-timeframe structure is still not bullish.
To me, this looks more like distribution into strength than a clean breakout setup.
If this selling continues, I’m leaning toward downside rather than chasing the current recovery.
$53.3 is the level I’m watching below.
Would you still chase HYPE after seeing the whale activity?

$HYPE