🚨 Hyperliquid Whales Scoop Up $17M $HYPE as Exchange Supply Shrinks — Is a $75 Retest Next?
Two major wallets withdrew over 254,000
#HYPE worth $17.3M from FalconX, while exchange netflows stayed negative. With more tokens moving into private wallets, available trading supply continues to tighten.
📉 The recent pullback flushed out leveraged bulls, triggering nearly $1.65M in long liquidations. But instead of breaking down, HYPE held the critical $64 support zone and continues to maintain its higher-low market structure. 🔥
📊 Momentum remains constructive as the MACD stays bullish and buyers defend key levels. After rallying from $52.78 to $75, the latest correction looks more like a leverage reset than a trend reversal.
⚡ If bulls keep protecting $64 and whale accumulation continues, HYPE could be gearing up for another attack on $75 resistance. The big question: Is shrinking supply setting the stage for the next breakout?