HYPE: Whale Deposits $36.76M to Back Short

loracle.hl deposited 616,675 HYPE worth $36.76M into Hyperliquid and sold the bulk, retaining just 53.33K tokens valued at $3.06M. Proceeds funded the existing short position and staved off liquidation on the 1.8M HYPE ($103.7M) bet, trimming unrealized losses to $22M and lifting the liquidation threshold to $83.33 while the address also sits on 626,289 aHYPE ($40M).

At $57.64, HYPE price action rides a bullish EMA structure with the 50-period line at $48.83 and the 200-period line at $43.83 acting as layered support. Momentum shows MACD at 3.6 on a golden cross while RSI at 66.18 leaves headroom before overbought territory; price sits inside the Bollinger band with upper resistance at $62.01, pointing to a measured push toward that level before any healthy pullback tests the 50-EMA confluence.