$HYPE Breaks Key Level — 4H Closes Below $27 for First Time Since May 🚨💥
For the first time since May 20, $HYPE’s 4-hour candle has closed below $27, confirming a major technical breakdown after weeks of support holding firm.
Amid the drop, a large whale holding a $HYPE long position with 5x leverage is now under severe pressure. The position is currently sitting on a floating loss exceeding $17M, highlighting how violent the downside move has been.
The whale’s liquidation price is $22.24, a level that now sits uncomfortably close if bearish momentum accelerates. No signs of position reduction or added margin have been observed so far.
With a key HTF level lost and a massive leveraged long underwater, volatility risk is sharply elevated.
Does $22 become the next liquidity magnet — or will buyers step in before forced liquidations begin?
