Top Trader's Large Sell Order Raises Concerns for Hype's Short-Term Momentum
Hyperliquid's native token, Hype, has been performing well recently, with its daily trading volume surging by 8.4% to $634 million. Despite this bullish trend, a top trader on the platform placed an unusually large sell order, raising concerns about the token's short-term momentum.
On October 3, 2025, a top trader, identified as 'CryptoExpert123', placed a sell order for 316,830 Hype tokens on Hyperliquid, with an average buy price of $49.68. This significant sell order, along with others from large sellers, indicates a bearish stance on the token's short-term prospects.
The aggressive short order comes amidst a broader bullish trend for Hype. The token's weekly price change stands at +20.50%, outpacing the overall crypto market's growth of +10.30%. Currently, Hype is trading 15.9% below its all-time high (ATH) of BTC 0.0005075 and 1,209.00 above its all-time low (ATL) of BTC 0.00003961. However, a trader's stop-loss set unusually high at $2,665.38 raises concerns about leverage dynamics or reporting issues.
The global crypto economy has grown by more than 10% over the past seven days, with increasing liquidity on decentralized trading platforms. Despite this positive macroeconomic backdrop, the large sell orders on Hyperliquid highlight the conflict between arbitrage strategies and market fundamentals.
The recent sell orders on Hyperliquid, particularly the large order placed by 'CryptoExpert123', suggest a potential short-term correction for Hype, despite its strong recent performance and the overall bullish crypto market. Traders should closely monitor the situation and consider adjusting their strategies accordingly.
