HYPE: Top Short Nets $5.56M Profit on 22% Drop
Lookonchain reports the largest HYPE short by 0xf02d on 715,334 tokens worth $54.57M, delivering $5.56M unrealized profit and $620K in funding fees as the token falls 22% from its peak.
SourceAnalysis
HYPE has dropped 22% from its peak. @lookonchain highlights the largest short held by 0xf02d on 715,334 $HYPE ($54.57M), now showing $5.56M unrealized profit plus another $620K collected in funding fees.
Price sits at $76.75 inside the Bollinger Bands, with lower support at $75.44 and upper resistance at $82.48. The bearish structure remains intact as price trades below both the EMA50 at $79.55 and EMA200 at $83.3, while the MACD death cross at -0.73 reinforces downside momentum even with RSI(14) at 36.43 still neutral.
Lookonchain
@lookonchainLooking for smartmoney onchain