Hyperliquid whale won’t close HYPE short despite $22M unrealized loss
HYPE’s rally is flashing exhaustion near its record-high resistance, raising the risk of a 20% pullback toward the $51.5–$45 support zone....
Key takeaways
- 1HYPE token surged 134% YTD, with $58.73M in US spot ETF inflows since May 12 launch, intensifying squeeze pressure on underwater short seller.
- 2A Hyperliquid whale maintains $102.98M short position with $22.18M unrealized loss, refusing to close despite 8% intraday rally.
- 3Technical analysis signals potential 20% pullback toward $51.5–$45 support zone as RSI hits 77, indicating overbought conditions.
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Why it matters
HYPE's strong institutional adoption via ETFs and whale accumulation could trigger forced liquidations affecting retail traders. For Indian investors, this demonstrates leverage risks in perpetual trading and how macro whale positions can amplify volatility in emerging exchange tokens.
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