Hyperliquid (HYPE) remained under pressure on Wednesday, trading below the $60 mark as buyers struggled to push the token above its 50-day Exponential Moving Average (EMA) at $62.70. The token continues to face headwinds from declining institutional interest and weakening retail participation, while technical indicators suggest bearish momentum remains intact. Although trading activity has picked up, investors appear cautious as ETF outflows, lower futures positioning, and increased long liquidations point to fading confidence in the near-term outlook. Institutional investors pull back from HYPE Institutional appetite for Hyperliquid has weakened noticeably over the past two weeks. According to CoinGlass’s ETF page, HYPE-focused exchange-traded funds (ETFs) recorded $700,000 in net outflows on Tuesday, following $7.
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