HYPE Price Analysis: $8.17 Million Whale Sale Puts $80 Support in Focus

The Hyperliquid (HYPE) price is facing renewed selling pressure, with the token trading near $81.36 in the latest chart snapshot after retreating from recent highs. The pullback comes as traders monitor a major holder’s $8.17 million HYPE transfer to Kraken and a concentration of leveraged positions around key price levels. With the market approaching a crucial juncture, could further whale profit-taking deepen the correction, or will buyers step in? 

Millions of HYPE Transfer Raises Profit-Taking Concerns

A major HYPE holder has transferred another 100,276 HYPE, worth approximately $8.17 million, to a Kraken deposit address, according to the on-chain data provided. The transaction follows earlier transfers from the same wallet, bringing renewed attention to potential selling pressure as HYPE trades near $81.

The Lookonchain data suggests the wallet reportedly accumulated 257,928 HYPE at an average price of around $3.50 nearly two years ago. The transfers to the centralised exchanges do not necessarily mean it will lead to strong selling pressure, but they do indicate preparation for a potential sale. However, further exchange deposits, actual sell transactions, and HYPE price reaction around the support level could clarify the impact on market sentiment. 

Leveraged Positions Highlight Risk Around $80

HYPE’s liquidation map points to several areas where leveraged positions could amplify the next price action. With the current price marked near $81.36, the chart shows notable liquidation clusters below the market around $79.66 to $80.29 and above it between $82.99 and $85.51. If the HYPE price fails below the $80 area, liquidations of leveraged long positions could add to selling pressure and accelerate the decline. 

On the upside, a sustained move above $82.99 could expose short positions to liquidation, potentially adding buying pressure as bearish traders are forced to close their positions. Therefore, the immediate focus is whether HYPE can defend the $80 area to build enough momentum to reach the upper liquidation cluster. 

Can HYPE Price Defend $80 Support as Selling Pressure Builds?

HYPE is approaching a critical short-term price level near $80 as traders assess the impact of whale transfers and leveraged positioning. The latest chart snapshot places the token around $81.36, leaving it close to the psychological $80 threshold. A sustained hold above this area could help stabilise the price, while a decisive breakdown may expose HYPE to further downside.

If buyers defend $80, HYPE could attempt to reclaim the 82.99–83.62 range, followed by the broader $85.51 area. A breakout above these levels, supported by stronger trading volume, could improve the short-term recovery outlook and open the way toward higher resistance.

However, a sustained move below $80 could expose the 79.66–80.29 liquidation cluster, where forced closures of leveraged long positions may intensify selling pressure. If the decline continues, traders could monitor the 78.40–79.03 region before reassessing the broader support structure around 69–75.

For now, the $80 level remains an important area to watch rather than confirmed support. Whether HYPE holds this threshold or breaks below it will depend on buyer demand, selling pressure, and the market’s reaction to nearby liquidation levels.

The Bottom Line: What’s Next for HYPE Price Rally?

The hyperliquid price is at a critical short-term juncture as whale transfers and leveraged positioning add uncertainty to its price outlook. The reported $8.17 million transfer to Kraken has raised profit-taking concerns, while liquidation clusters around $80 and above $83 could amplify the next significant move.

Holding $80 could allow buyers to regain momentum and push HYPE toward the 83–85 resistance range. However, a confirmed breakdown below support could expose lower levels and increase the risk of a deeper correction toward the 69–75 zone.

For now, traders should watch HYPE’s reaction around $80, changes in liquidation activity, and whether further whale deposits coincide with actual selling. These signals could help determine whether the current pullback stabilizes or develops into a broader correction.