HYPE: Loracle Deposits $36M on HyperLiquid to Sell

Loracle deposited 616,670 $HYPE worth $36M into HyperLiquid and started selling, with just 78,000 tokens remaining while his 5x short racks up a $23M floating loss and faces liquidation at $83.34.

Price action on the 4h chart shows HYPE holding a bullish structure above the EMA50 at $48.83 and EMA200 at $43.83, with MACD confirming strength via golden cross at 3.61. At current levels of $57.8 inside the Bollinger Bands, the setup points to upper resistance near $62.04 as the next volatility target before any pullback to EMA50 support.