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🪐 Hyperliquid spikes to $64, but the crowd is split
Hyperliquid (HYPE) broke $64, a fresh all‑time high, but on‑chain data shows a stark split: some wallets piled in with multi‑million USDC, others took profit.
🕸️ The buying frenzy is coming from a handful of capitalised addresses, notably a wallet linked to Arthur Hayes, who still sits on ~504 BTC, and another run by Garrett Jin, who together added over $15 M of HYPE. Yet an equally sizable seller, 0x632B, dumped roughly $9 M, indicating that the rally is already being trimmed at the top. If net inflows keep outpacing exits, the price could test $70, but a reversal of sentiment would likely snap it back below $60.
🗝️ The decisive factor now is whether fresh capital can outvote the profit‑taking pressure that’s already surfacing.
⚠️ Personal analysis only. Not financial advice. DYOR.
#HYPE #OnChain #CryptoFlows
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