A whale staked 1.255 million HYPE tokens worth $100.43 million on Hyperliquid, signaling a long-term strategy as the crypto market weakened. HYPE price broke the $80 support to hit a low of $78 before slightly recovering to $79. In total, 439.9 million HYPE are staked, representing 44% of total supply valued at approximately $35.2 billion. The RSI indicator stands at 39, signaling sustained bearish pressure, while derivative flows remain negative with net outflows of $80 million on the futures market.
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