HYPE drops 3.66% to $89.58 amid $63M long liquidations
- —HYPE trades at $89.58, down 8.52% from its $97.93 record high
- —$63 million in long positions were liquidated in 24 hours
- —Large holders reportedly moved tokens to exchanges
- —Trading volume is 12.47% below the 30-day average
Why it matters: The $86.90 support is key: holding it keeps the bullish case alive, while a break opens the door to $85.89.
Source: DiarioBitcoin