Hyperliquid Price Rejection Could Set Up a Bullish Breakout as Whales Short
Photo: Crypto Daily
The leaderboard's top two traders on Hyperliquid are betting heavily on a crypto decline. On-chain data shows both accounts short HYPE, and the leader keeps adding to a position already deep in the red. That sets up a direct test for the exchange's own token. Buyers still control the trend, and crowded shorts can turn into fuel if prices rise. Traders now want to know which side breaks first at resistance. The two leading accounts on Hyperliquid's monthly leaderboard hold about $1.06 billion in combined short positions.
Source: Crypto Daily
