Hyperliquid: Whale Opens $71.8M BTC ETH Longs

Hyperliquid saw a whale deposit 8 million USDC and immediately open long positions worth $71.8 million on BTC and ETH, with 600 BTC at $78,032 and 10,000 ETH at $2,479.

Price action on the 4h chart shows BTC at $78,792.03 testing upper Bollinger resistance at $78,728.2 while RSI(14) sits at 72.47 in overbought territory and MACD prints a death cross; a healthy retracement toward the EMA50 support at $72,606.15 appears probable before continuation higher.