Hyperliquid [HYPE] has lost momentum after peaking at $45.7, with trading volume and investor sentiment both sharply declining.
HYPE trading is in a cautious state, with many large whales fleeing, leading to increased downward pressure and a cooling off in the derivatives market.
MAIN CONTENT
HYPE trading volume has dropped to a three-month low, reflecting investor withdrawal.
Hyperliquid whales sell off 215,850 HYPE, suffering a loss of $290,000, signaling a growing sense of concern.
Negative funding rates and low volatility in the derivatives market indicate many traders lean towards a bearish trend, but the risk of strong volatility remains.
Buying on a sharp decline, what is the market signal?
According to data from Artemis, the daily trading volume of HYPE Token has fallen to $143.3 million, the lowest in three months. This not only reflects a decline in interest but also signals an almost empty market, as many investors keep their distance or exit HYPE.
This phenomenon shows a clear caution in the community, as trading prices fluctuate around the $38-41 range after a recent peak.
Did Hyperliquid whales sell off over 215,000 HYPE at a significant loss?
Information from Onchain Lens records that a whale has dumped all 215,850 HYPE, equivalent to about $8.37 million, causing this whale to incur a loss of nearly $290,000. The panic selling at a cumulative loss indicates a lack of confidence in the short-term price increase.
"Selling at a loss is a sign of growing concerns about deeper declines, and large investors have lost patience."
(Onchain Lens, on-chain analysis expert, 7/2025)
This move pulled the Weighted Sentiment index down to -1.229, marking the most negative point of the month, reflecting a state of cutting losses rather than taking profits.
How is the derivatives market when HYPE cools off?
The perpetual contract market for HYPE saw trading volume plummet from $8.7 billion to $2.436 billion, according to DefiLlama's analysis data. This demonstrates fewer traders participating in leveraged trading, while the trend of betting on price declines is increasing.
Negative funding rate of -0.0006 on Coinalyze shows that the market structure is leaning towards short-term sellers. However, with low price volatility, this creates a favorable environment for unexpected surges (squeezes).
Is the current situation downward or preparing for a breakout?
Technical analysis from TinTucBitcoin shows Stochastic RSI indicators dropping from 74.12 to 62.10 and Relative Vigor Index (RVGI) falling to 0.0917, indicating increasing bearish pressure. This situation poses a risk of HYPE's price further declining to around $36.8.
If market sentiment changes, an increase in buyers could trigger a short position liquidation effect, pushing the price back up to the $41 range. Therefore, HYPE's next move entirely depends on the actual investors' reactions.
"When the market is quiet, the risk of a strong squeeze is very high – this forces traders to closely monitor every small movement."
(CEO TinTucBitcoin, cryptocurrency market analysis, 7/2025)
HYPE market indicators analyzed in detail on the chart
Current Value Indicator Meaning Daily Trading Volume (USD) 143.3 million Lowest in 3 months, indicating severe cash outflow Perpetual Trading Volume (USD) 2.436 billion Sharp decline from the peak of 8.7 billion, reflecting a cooling off in the derivatives market Funding Rate -0.0006 Negative rate indicates selling pressure is higher than buying in the futures market Stochastic RSI 62.10 Weakening technical trend, increasing potential for price declines Relative Vigor Index (RVGI) 0.0917 Confirms a clear downward price trend
Frequently asked questions about the current situation of HYPE
What is causing the sharp decline in HYPE's trading volume?
Due to the market's lack of confidence and large investors exiting positions, hitting a three-month low according to Artemis's report.How does Hyperliquid whales' sell-off affect the market?
This action indicates a pessimistic sentiment causing prices and sentiment indices to plummet, increasing the risk of price declines.What notable signs are present in HYPE's derivatives market?
Negative funding rates and decreasing volume indicate that the selling side is dominant with a downward price trend.How might HYPE's price fluctuate in the near future?
Prices could drop to the $36.8 area or bounce back to $41 if buying momentum returns.How can investors effectively monitor market signals?
Investors should monitor technical indicators and trading volume fluctuations from reputable sources such as Artemis, Onchain Lens, and TradingView.
Source: https://tintucbitcoin.com/hype-giam-gia-ca-voi-ban-215k/
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