$HYPE FACES $612 MILLION IN LIQUIDATION RISK.
Hyperliquid is experiencing increased selling pressure.
There are currently approximately $612 million in leveraged long positions below HYPE's price. This concentration could accelerate declines if selling pressure continues.
The situation is also linked to recent trades by large investors.
- On October 31, two whales sold around $109 million worth of HYPE, after accumulating positions ahead of Intercontinental Exchange (ICE)'s announcement of its plan to launch Hyperliquid-based perpetual futures in the United States.
That project still depends on regulatory approvals, so its impact on platform activity remains uncertain.
As for the price, $81 appears to be the first significant support level. If that zone fails to hold, HYPE could retest $76, the low recorded on October 25.
For now, the token is holding near its 50-day moving average, at around $85. The price reaction in that zone will be important in assessing whether the current pressure continues or gives way to a recovery.
TRADE HERE 👇
#hype #TradingCommunity #TrendingTopic #crypto #Whale.Alert
Hyperliquid is experiencing increased selling pressure.
There are currently approximately $612 million in leveraged long positions below HYPE's price. This concentration could accelerate declines if selling pressure continues.
The situation is also linked to recent trades by large investors.
- On October 31, two whales sold around $109 million worth of HYPE, after accumulating positions ahead of Intercontinental Exchange (ICE)'s announcement of its plan to launch Hyperliquid-based perpetual futures in the United States.
That project still depends on regulatory approvals, so its impact on platform activity remains uncertain.
As for the price, $81 appears to be the first significant support level. If that zone fails to hold, HYPE could retest $76, the low recorded on October 25.
For now, the token is holding near its 50-day moving average, at around $85. The price reaction in that zone will be important in assessing whether the current pressure continues or gives way to a recovery.
TRADE HERE 👇
#hype #TradingCommunity #TrendingTopic #crypto #Whale.Alert
