Hyperliquid Price Retests $76 as Bears Get a Second Chance After a 12% Weekly Slide

Three Things to Know Wintermute has built a large book of short bets on Hyperliquid, and HYPE is among its biggest targets. HYPE trades under its 50-day average, and momentum gauges still favor sellers. The support zone just under $75 now decides whether bears get a wider path lower. One of the largest traders on Hyperliquid is betting against the exchange's own token. On-chain data shows market maker Wintermute holding a sizable short on HYPE alongside bets against ether, bitcoin and solana. That positioning lands as HYPE struggles after a rough week, with sellers still in control. Traders want to know whether buyers can hold the nearby floor.

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