HYPE’s $22M Whales Drowning in Red 🐳🔥 – Can They Swim Back?

by

Hyperliquid [HYPE], once scorned at $50 a month past, now slithers like a snake in a descending channel, clutching at $22 like a beggar at a feast. At press time, HYPE writhed at $23.2-up a paltry 1.24% daily, yet bleeding 17.7% weekly. A price so pitiful, even the pigeons on the stock exchange have stopped pecking at its crumbs. 😅

This relentless descent has left traders gasping, their wallets sadder than a rainy-day festival. Futures markets? A circus of despair where fortunes vanish faster than a magician’s rabbit.

The $22.5M Whale: A Tale of Hubris and Hope

Amid the chaos, a whale looms-a leviathan of greed and delusion. According to CryptoQuant’s grim ledger, this creature has been feasting on futures for two months, biting off more than even a whale could chew. 🐟

Its appetite? A 10x long position on 207,497 HYPE, worth $4.72 million, with a liquidation price at $13.68. Meanwhile, another whale clings to a 5x long, its $22.5M loss a testament to either madness or misplaced faith. At $20.66, the guillotine awaits. 💀

Whales, you see, are betting on a phoenix-like rebirth. They endure the cold, the hunger, the stench of failure-because they believe, with the fervor of a cultist, that HYPE will rise again. Or perhaps they’re just sleep-deprived. 🤷

Liquidation Fever: The Great Hype Panic of 2025

CoinGlass whispers of a Long Short Ratio of 1.03, where 50.81% of souls bet on salvation, and 49% on doom. A coin toss, really. But the market? Unforgiving. Between Dec 18-19, $70 million in longs vanished like smoke, while shorts barely coughed up $540k. 💸

Bullish leverage? Wiped out by the tides of bearishness. The RSI, at 29, screams oversold like a broke artist begging for paint. And the Moving Averages? MA9 ($26) and MA21 ($29) loom like ancient gods demanding blood. 🛡️

If HYPE falls below $22, the abyss beckons. $20 is the next stop-a price so low, even the bears might yawn. But if bulls dare to reclaim MA9 and MA21? Well, miracles happen… unless you’re a whale with a $22.5M hangover. 🌀

Final Thoughts

  • Whales drown in $22M losses as $70M in longs evaporate-HYPE’s a sinking ship, and everyone’s rowing the wrong way. 🚢
  • Bears rule the roost; bulls need a miracle. MA9 and MA21 aren’t just lines-they’re lifelines. Or maybe just lies. 🤡

Read More

2025-12-19 22:45