HYPE: Whale 0xf02d Opens $19.34M Short After $4.52M Loss

Whale 0xf02d closed a two-month HYPE short position on Hyperliquid realizing a $4.52 million loss before immediately opening a new 10x leveraged short covering 283948 HYPE tokens valued at $19.34 million.

The move arrives as HYPE trades at $67.62 inside its 4-hour Bollinger Bands with upper resistance at $71.42 and lower support at $65.4. Price sits below the EMA50 at $68.22 yet above the EMA200 at $65.95 confirming the broader bearish trend while the MACD golden cross at -0.36 hints at fading downside momentum and neutral RSI at 45.83 leaves room for continuation lower toward the lower band before any relief rally.

Hyperliquid perpetual markets continue to attract large directional bets even as traders monitor HYPE price prediction signals and potential crypto market crash scenarios that could amplify leverage unwinds across correlated assets like TAO.