HYPE: Largest Short Holder Sells Another 892K Tokens

HYPE largest short holder loracle.hl continues dumping after moving 892500 HYPE ($55.6M) into Hyperliquid for sale, following last week's 557000 token liquidation worth $33.35M, while another 700000 HYPE redemption request sits pending.

Price at $67.44 tests upper Bollinger resistance at $66.28 while the 50-EMA holds firm support at $58.97 and the 200-EMA anchors deeper at $50.21; with RSI(14) at 68.16 and MACD confirming a golden cross, the structure favors a measured pullback to the 50-EMA before any continuation higher amid ongoing distribution from this major position.