Hyperliquid: Traders Lose $70.81M in Liquidations

Hyperliquid traders absorbed $70.81M in liquidations over the past 24 hours, triggering fresh questions around HYPE price prediction amid ongoing deleveraging.

Price sits at $59.92 inside the Bollinger Bands with the lower support at $57.64 while EMA50 at $64.9 and EMA200 at $65.94 cap any recovery; the MACD death cross at -1.71 and RSI at 32.32 confirm sellers retain control, pointing to a likely test of the lower band before stabilization. This liquidation wave echoes the platform’s history of rapid on-chain cascades yet leaves room for dip accumulation if Bitcoin holds above key levels.