Hyperliquid Whales Go Wild! Massive Short, Retailers Bolt – Will HYPE Go Down in Flames?

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  • Oh dear! The bears are dancing suspiciously on Hyperliquid, feasting on liquidated longs like they’re at a birthday party for hungry hyenas. Shorts are merely nibbling crumbs.
  • The social sentiment has dipped, slipped, and is now hiding sheepishly behind the couch (just like any retail trader who bought the top). HYPE’s fan club is looking more like a members-only tea party—attendance optional.

A whale—let’s call him Big Fin—just splashed 6.51 million USDC into Hyperliquid [HYPE]. His grand entrance? Opening a short position with 5x leverage, because apparently subtlety is overrated. The result: the market let out a long, bearish sigh.

With all this capital, Big Fin isn’t just swimming; he’s creating whirlpools of downward momentum. If the liquidations keep up, HYPE could plummet like a skydiver who forgot his parachute. 🎢

Still, at this very moment, HYPE is clinging to $20.54—a feeble 1.71% higher than yesterday. Someone, fetch the confetti! Or at least a cupcake.

The Case of the Vanishing Longs

The clever folks at CoinGlass have peered into the numbers and discovered something alarming: long positions worth $14,000 have vamoosed into thin air, while only $93 in shorts took the plunge. That’s lopsided, lolloping bearishness if you ask me.

It’s as if every optimistic trader decided to play musical chairs with only two seats left—and suddenly the music stopped. Everyone with a long got whisked away. This tidal wave of selling might just push HYPE further into the deep, dark sea.

Traders Sitting Tight (on Their Hands…)

The OI-Weighted Funding Rate for HYPE is a pitiful 0.00999%. That’s about as bold as a mouse at a cat convention. No big bets, no wild wagers; just cautious hedging and people nervously stirring their teacups.

Yes, the Funding Rate is technically positive—hooray? Alas, it’s barely strong enough to power a hamster wheel, let alone a price rally. The market is more stagnant than last week’s soup. 🥣

With everyone sitting on their hands, HYPE is stuck in a dull, dreary range. Until someone lights a proper bullish fire, there’s nowhere to go but sideways—and possibly down.

Resistance—The Brick Wall Nobody Can Climb

Hyperliquid keeps bashing its head into the $22 supply zone, and the zone is winning. Every time HYPE tries to climb up, resistance pushes it right back down like a grumpy bouncer outside a trendy club.

The price is now loitering around $20.60, looking as confident as a cat on a wet trampoline. If those sneaky sellers have their way, the next stop’s $18—a place traders visit only in their nightmares.

The Great Retail Exodus (with Snacks?)

Retail traders? They’re off on holiday. 🏖️ Social Dominance for HYPE has sunk to 1.00%, and Social Volume meanders at 33. It’s quieter than a library for mice in here.

With chatter drying up, fresh buyers are as rare as golden tickets in Wonka bars. The meme magic and rocket emojis have all gone home for a nap, so don’t expect any action unless retail sentiment wakes up from its beauty sleep.

Lower Social Dominance is the cherry on this shrinking, slowly deflating cake. Bearish outlook remains the flavor of the week.

After bumping its nose against the $22 supply zone, HYPE is now dancing with the bears.

The data shows: more longs liquidated than shorts, which injects gloom into the market stew.

With funding rates flatter than a pancake and retail chatter gone AWOL, traders are tiptoeing nervously.

If HYPE can’t break free or summon a new crowd of dreamers, expect a slow drift toward $18. Long story short: even chocolate can’t fix this mess—but it might help.

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2025-05-03 23:11