Asset Manager Withdraws 15000 HYPE: Will Trendline Breakout Trigger 50% Rally?
Asset management firm DACM withdrew 15K Hyperliquid (HYPE) tokens on December 4 as HIP-3 custom markets hit $5B in volume.
1H
0.32%$0.0944
24H
-5.89%$1.85
7D
-11.8%$3.96
30D
-29.2%$12.19
Asset management firm DACM withdrew 15K Hyperliquid (HYPE) tokens on December 4 as HIP-3 custom markets hit $5B in volume.
Three cryptocurrency whales opened nearly $100 million in long positions on Bitcoin and Ethereum through Hyperliquid, with leverage ranging from 2x to 25x.
Massive short positions by top Hyperliquid whales, combined with surging fear and panic across social media, suggest the crypto market might be inching toward a turning point.
A Hyperliquid whale using 20x leverage needs only a 5% Bitcoin rally to force automatic closure of the short position.
On-chain analysis confirms that Paradigm is the largest holder of HYPE, controlling over 19 million tokens worth $763 million.
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