- Whale locks $2.8M profit on HYPE after strong rebound from $40 support zone.
- Market shows mixed signals with steady inflows and continued whale profit-taking pressure.
- Buyers defend dips, aiming for $45 resistance if momentum and inflows continue.
Hyperliquid’s HYPE is back in focus after a sharp swing that shook both buyers and sellers. Price defended the $40 zone and bounced toward $42.80, showing early signs of stability. HYPE now trades near $42 while whales begin to take profits. One major holder locked in millions after a strong run from lower entries. Market sentiment feels mixed as buyers try to hold momentum. Traders now watch whether recovery can extend toward $45 resistance again.
Whale Profit-taking Meets Strong Market Absorption
A major on-chain move caught attention after a whale sold 213,419 HYPE for $8.93 million at $41.84. The trade locked in around $2.8 million in profit. This wallet had accumulated 467,188 HYPE over two months, spending $16.63 million in total. Average entry stood near $35.59, leaving the position deeply profitable before partial exit. Even after selling, the wallet still holds 253,769 HYPE valued near $10.5 million.
The decision to reduce exposure near $47 highs signals caution after recent volatility. Many large holders prefer locking gains during strong rebounds. This behavior often adds short-term pressure to price action. However, broader market data shows buyers continue absorbing supply. Hyperliquid recorded about $17 million in daily inflows according to DeFiLlama. Activity cooled from earlier $51 million levels, yet demand remains active.
Exchange flow data also supports accumulation trends. Roughly $63.7 million left exchanges while $61.1 million entered in the past 24 hours. Netflow stayed negative near $2.59 million. This pattern often reflects buyers moving tokens into long-term storage. Market participants frequently interpret this as quiet accumulation during dips. Despite whale selling, broader demand has not collapsed.
Momentum Signals Suggest Buyers Are Still Active
Price action around $40 support triggered strong buyer response. Dip buyers defended the level and pushed HYPE higher. This rebound helped restore short-term confidence across trading desks. Momentum indicators also hint at recovery strength. RSI climbed from 50 to 52, showing buyers regaining control. The move prevented deeper weakness and supported short-term stability.
SMI Ergodic readings also stayed above signal lines. This alignment often reflects improving bullish momentum. Buyers appear more active after recent correction phases. However, pressure from profit-taking continues to limit upside speed. Market structure now sits between accumulation and distribution phases. If capital inflows remain steady, HYPE may attempt another push toward $45.
A clean break could open room for higher price discovery. On the other hand, repeated whale selling may slow momentum. If demand weakens, price could remain range-bound between $41 and $44. For now, Hyperliquid sits in a balancing phase. Buyers defend dips while whales secure profits. Market direction depends on whether inflows can outpace selling pressure in coming sessions.
