FalconX: Transfers 198.75K HYPE to Gate.io

FalconX transferred 198.75K HYPE (~$14M) to Gate.io minutes ago, likely to sell, as multiple OTC buyers that accumulated positions over the past few months now unload with similar flows seen across other desks.

With HYPE at $69.84 testing upper Bollinger resistance at $68.89 while RSI(14) hits 83.28 in overbought territory, a healthy retracement to EMA50 support at $59.11 looks probable before continuation, informing HYPE price prediction and on-chain whale movements in the current cycle.