Hyperliquid: Whales, retail exit – Can HYPE find support below $20?
By: bitcoin ethereum news|2025/05/04 04:30:02
0
Share
Hyperliquid faces increasing bearish pressure, with long liquidations outweighing shorts. Social sentiment dips, reflecting reduced retail interest in HYPE’s potential. A whale recently deposited 6.51M USDC into Hyperliquid [HYPE] and opened a short position with 5x leverage. This injected notable bearish pressure into the market, pointing to expectations of a downside move. Given the size of the short position, the whale’s actions could amplify downward momentum. If the market continues to liquidate long positions, the price of HYPE may face additional corrections in the coming days. At the time of writing, however, HYPE traded at $20.54—up 1.71% in the past 24 hours. HYPE long liquidations outpace shorts According to CoinGlass, liquidation data showed a sharp imbalance: roughly $14,000 in long positions were wiped out compared to just $93 in shorts. This indicates that traders are being forced out of their long positions, which suggests a growing bearish sentiment. Moreover, the imbalance between long and short liquidations highlights the increasing selling pressure on HYPE. Therefore, the market faces greater downside potential as long positions are flushed out, further cementing the negative outlook for HYPE’s price in the near term. Source: CoinGlass Cautious sentiment The OI-Weighted Funding Rate for HYPE stood at 0.00999% at press time, reflecting cautious market sentiment. Traders remained hesitant, unwilling to take aggressive positions. Despite the Funding Rate remaining slightly positive, it did not possess the strength needed to drive the price higher. Consequently, the market is stagnant and trapped in a consolidation phase. Given the cautious attitude among traders, HYPE may struggle to break out of its current range. Until a clearer bullish signal appears, the market will likely continue in its neutral phase, limiting upward momentum. Source: CoinGlass Struggling to break resistance Hyperliquid has struggled to break through the $22 supply zone, resulting in a downtrend. Currently, the price is consolidating around $20.60, unable to maintain upward momentum. The failure to break through key resistance indicates that selling pressure is increasing. Unless bulls reclaim $22, the path of least resistance appears downward. A drop toward the $18 support zone becomes probable if selling persists. Source: TradingView Retail interest slows down Retail participation is cooling. Social Dominance for HYPE has dropped to 1.00%, and Social Volume stood at 33. This decline indicates reduced retail interest, suggesting that fewer traders are participating in the market. As social engagement drops, the momentum required to fuel a price increase weakens. Therefore, the altcoin may find it difficult to regain upward momentum without fresh interest. With retail sentiment cooling, the market may struggle to break key resistance levels, and the price could remain under pressure. Lower Social Dominance adds to the bearish outlook for HYPE. Source: Santiment HYPE is facing growing bearish sentiment after hitting the $22 supply zone. The liquidation data shows more long liquidations compared to shorts, contributing to negative market pressure. The low OI-Weighted Funding Rate and a drop in Social Sentiment reflect the cautious sentiment among traders. Given these factors, HYPE’s outlook remains uncertain. Unless there is a breakout above resistance or a resurgence in retail interest, the price may continue to decline toward support levels around $18. Source: https://ambcrypto.com/hyperliquid-whales-retail-exit-can-hype-find-support-below-20/
You may also like

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed
The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com



