A whale withdrew 57,000 HYPE tokens worth $3.36 million from Coinbase, signaling accumulation despite overall positive netflows of $3.38 million into exchanges. Derivatives volume surged 18.98% to $1.74 billion and short liquidations reached $1.14 million, nearly double long liquidations. HYPE defended the $53.67 support before reclaiming $57.10 and traded near $59.59 at the time of analysis. The next resistance stands at $62.48 with a medium-term target at $68, while falling back below $57.10 would retest the $53.67 support level.
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