HYPE whale 0x97f closed its long position at a $3.22M loss before selling 165,391 HYPE on spot for a $1.978M profit.

The address then opened a 15,000 SP500 short at 50x leverage valued at $111.38M with liquidation at $8,295.66.

Price sits at $62.5 inside the Bollinger Bands with upper resistance at $65.33. The 50-EMA at $63.1 caps upside while the 200-EMA at $56.66 anchors the broader bearish structure; neutral RSI at 50.9 and MACD golden cross suggest any push into the upper band will likely meet supply before a retracement to the 50-EMA support.