HYPE token holds up better than Bitcoin and Ethereum as crypto market falls
MARKETSHyperliquidcoinbrief/daily · 1 source
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What happened
HYPE traded near $73 on Friday, down roughly 7% over seven days versus Bitcoin down more than 9% (to about $68,700) and Ethereum down nearly 14% (toward $1,930). Hyperliquid notional open interest in HYPE fell from $1.21 billion to $1.07 billion (about 12%), while Ethereum open interest on the platform fell over 52%. WhaleRadar showed $641 million in HYPE shorts against $515 million in longs on November 13. Levels cited: $70 immediate, 200-day MA near $68.60, long liquidations clustered around $65.50, and resistance at $74.40 then $76–77.
For experienced traders · Written by AI from 1 source · Wrong?
What to do
- Watch whether HYPE holds the $70 level and the 200-day moving average near $68.60.
- Monitor US spot Bitcoin ETF flows, which have been negative for six consecutive sessions.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
BeInCrypto
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