Bitwise BHYP: Shifts 39K HYPE to Coinbase

Bitwise’s BHYP Hyperliquid ETF transferred another 39.31K HYPE tokens valued at roughly $2.13M to Coinbase in the latest move, bringing cumulative outflows to 280.69K HYPE or $17.35M over recent weeks.

Holdings now stand at 354.04K HYPE worth $19.25M on-chain alongside $34.62M staked on Hyperliquid, data from Arkham via Onchain Lens shows. On the 4h chart, HYPE trades at $55.09 inside the Bollinger Bands with upper resistance at $61.25 and lower support at $54.51; the bearish EMA50 at $58.86 and EMA200 at $62.35 cap upside while RSI at 31.35 stays neutral and MACD prints a death cross at -0.95, pointing to continued pressure toward the lower band before any recovery attempt in HYPE price prediction models.