According to Hyperinsight monitoring, the TWAP (Time-Weighted Average Price) order direction for HYPE spot on Hyperliquid reversed today, shifting from buy-dominated to sell-dominated. Partial executions have already occurred for these orders. Estimates indicate that the net TWAP sell pressure for HYPE over the next 24 hours amounts to $900,000; in comparison, the same metric showed net buys of approximately $7 million each on last Thursday and Friday. Among existing orders, the largest selling address (0x519c) plans to sell approximately 48,000 HYPE, more than half of which have already been executed, leaving a remaining position of 77,200 HYPE (valued at approximately $4.6 million).
Hyperliquid HYPE TWAP orders shift to sell pressure; whale plans to sell 48,000 HYPE
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Summary
Whale activity on Hyperliquid indicates a shift in HYPE TWAP orders from buy to sell dominance, with partial executions already recorded. Net sell pressure is estimated at $900,000 over 24 hours, down sharply from a $7 million net buy. The largest whale, address 0x519c, plans to sell 48,000 HYPE, with over half already executed. The address still holds 77,200 HYPE, valued at $4.6 million. Traders are assessing the risk-to-reward ratio amid the shift in on-chain behavior.
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