Hyperliquid hits new all-time high, but ETF outflows and Multicoin transfers raise red flags
- —HYPE set a new all-time high near $98 as traders eye the $100 level
- —HYPE ETFs saw a $1.58 million outflow, entirely from the Bitwise Hyperliquid ETF
- —Multicoin Capital moved 130,331 HYPE worth $12.15 million to Coinbase Prime
- —Since July 28 Multicoin has sent about 4.23 million HYPE worth $285 million to the exchange
Why it matters: Continued ETF outflows and fresh institutional transfers to exchanges could add selling pressure on HYPE after its record rally.
Source: Bithub