Dragonfly Capital: Sells $2.33M HYPE via FalconX

Dragonfly Capital transferred 30K HYPE ($2.33M) to FalconX, likely for OTC sale. A month ago it sent another 41.4K HYPE ($3.21M) to the same venue and still holds 296.1K HYPE ($22.96M) at address 0xF70C9547CA5016797D7fd9623320D653e82d83a5.

HYPE trades at $77.44 on the 4h chart inside a bearish structure where EMA50 at $80.28 caps upside and EMA200 at $83.79 marks the next resistance layer. MACD death cross at -0.45 keeps momentum negative while RSI at 37.24 leaves room before oversold territory; price sits inside the Bollinger band with upper resistance at $82.51 and lower support at $76.73, so any break below the lower band would target the next liquidity pocket without immediate bullish confluence.