Arthur Hayes: Buys Back 33,978 HYPE for $2.09M

Arthur Hayes repurchased 33,978 HYPE tokens valued at $2.09 million from Bybit just four days after dumping his entire stack above $72.

The move follows a 23% drop that took HYPE below $56 and now sits at $60.02. On-chain data from lookonchain confirms the withdrawal from a linked wallet.

Price action shows HYPE trading inside the Bollinger Bands with upper resistance at $63.54 and lower support at $55.21. The 50-EMA at $63.07 acts as immediate resistance while the 200-EMA at $56.34 provides deeper support; RSI at 45.76 remains neutral and MACD registers a bullish golden cross at -2.12, suggesting a potential test of the upper band before any sustained move higher. Traders watching HYPE price prediction models now factor this re-entry against broader crypto market crash risks and Bitcoin correlation.