Hyperliquid Trader: YGNH94 Sends 100275 HYPE to OKX

Hyperliquid trader YGNH94 unstaked 100275 HYPE tokens five hours ago and deposited them to OKX, moving $5.57 million in value. The same address withdrew 60140 HYPE from OKX on June 27 at $63.36, creating a potential $471000 loss if sold at current levels.

Price action on the 4h chart shows HYPE trading at $54.9 inside the Bollinger Bands with upper resistance at $56.6 and lower support at $52.96. The bearish structure persists as price sits below EMA50 at $56.91 and EMA200 at $61.47, while RSI at 45.93 remains neutral and MACD registers a bullish golden cross at -0.77, suggesting any bounce toward the upper band may stall before testing EMA50 resistance.