Bitwise: Buys $5M HYPE Weekly Amid ETF Inflows

Bitwise has purchased over $5 Million of HYPE in the past week alone while selling none since last month, with the ETF provider adding only to positions throughout August per on-chain data from Arkham.

Price action on the 4h chart shows HYPE holding a bullish trend structure above the EMA50 at $54.94 yet pressing into upper Bollinger resistance at $55.68 while the MACD registers a golden cross and RSI sits neutral at 53.83, suggesting institutional accumulation could fuel continuation toward the EMA200 at $58.28 before any volatility exhaustion pulls back to the $53.80 band support; this Bitwise HYPE ETF inflows pattern and institutional crypto inflows backdrop also informs forward HYPE price prediction models alongside broader BTC flows.