Bitwise: Buys 28,085.8 HYPE for ETF Clients

Bitwise purchased 28,085.8 HYPE (~$1.52M) from Nonco for its ETF clients and transferred the tokens to its BHYP wallet at address 0x22B9A48DA7BF0C97F0C71C4EC833008F8E9f90b5.

Price action on the 4h chart shows HYPE trading at $53.94 inside the Bollinger Bands with upper resistance at $55.68 and lower support at $53.76, while the EMA50 at $54.94 and EMA200 at $58.38 define the bearish structure and the MACD death cross at -0.12 confirms downward momentum despite neutral RSI at 42.58; this setup points to potential exhaustion at the upper band before any test of the 50-EMA support. Institutional flows into HYPE via ETF vehicles continue to shape HYPE price prediction models even as broader crypto market crash risks linger from macro tightening.