HYPE (Hyperliquid) fell 8.00% in the last 24 hours.

Gate News Bot news, on November 4, according to CoinMarketCap, as of the time of writing, HYPE (Hyperliquid) is currently priced at $37.75, falling 8.00% in the last 24 hours, with a high of $49.95 and a low of $37.09. The 24-hour volume reached $795 million. The current market capitalization is approximately $12.711 billion, a decrease of about $1.105 billion compared to yesterday.

Important news about HYPE recently:

1️⃣ Large investors continue to invest in the HYPE ecosystem

Multiple large investors have recently increased their positions in HYPE and related tokens on the Hyperliquid platform. Among them, the “Whale Hunting” team leader KOL transferred $2.5 million to Hyperliquid and leveraged 1x to buy the dip on XPL. Additionally, another investor holds a long position in HYPE valued at approximately $44.84 million. This indicates that institutional investors have an optimistic outlook on the long-term development of the HYPE ecosystem, which may provide support for the prices of HYPE and related tokens.

2️⃣ The trading activity on the platform remains high.

Multiple large transactions frequently occur on the Hyperliquid platform, such as an investor opening a total position exceeding 29 million USD in BTC and HYPE long positions. The platform's 24-hour fee revenue once ranked first among all blockchains. These activities reflect that the liquidity and trading activity of the Hyperliquid platform remain at a high level, which is beneficial for attracting more users and funds.

3️⃣ Market sentiment shows divergence

Some large investors, such as “100% win rate giant whales,” are going long on HYPE with 10x leverage, holding 70775.48 HYPE (approximately 2.95 million USD). At the same time, the top ten positions in ZEC contracts are mostly bearish, with the top whale facing a floating loss of 8 million USD. The divergence in market sentiment may lead to increased volatility in HYPE in the short term.

From a technical perspective, the HYPE price has shown a falling trend in the past 24 hours, dropping below the $40 mark. Investors should pay attention to the support level around $37-$38, as well as the resistance level around $40-$41. Fundamentally, the continued positioning of large investors and the maintenance of platform activity provide support for HYPE, but market sentiment divergence may bring short-term volatility.

This message is not an investment advice; investors should be aware of market volatility risks.