Markets· ★★★· bearish·

Hyperliquid's HYPE drops 6.8% to $86.68 after record high

  • —HYPE trades at $86.68, down 6.78% in 24 hours
  • —Hyperliquid open interest hit a record $18 billion on September 23
  • —A wallet tied to Hyperliquid Strategies bought 494,200 HYPE for $45.8 million
  • —Daily volume is 22.99% below the 30-day average
Why it matters: The pullback looks technical: RSI is neutral at 50.8 and price sits 47% above the SMA-200, but a break of the $85.76-86.9 support would deepen losses.
Source: DiarioBitcoin