HYPE: Whale Short Now Down $1.26M on Hyperliquid

HYPE whale 0x519c deposited 8.8M USDC into Hyperliquid and built a 10x short on 375,033 tokens worth $17.5M, now underwater by $1.26M as the position grows.

Over the past six months HYPE has carved out a steady uptrend that this fresh derivatives bet now tests in real time.

Price action keeps HYPE inside its Bollinger band with the upper resistance at $47.81 acting as the immediate ceiling while the 50-EMA at $42.79 and 200-EMA at $41.64 provide layered support beneath the current $46.44 print; the MACD golden cross at 0.84 reinforces trend strength even as RSI at 64.4 stays neutral, suggesting any pullback would likely find bids at the 50-EMA before continuation higher.