According to reports from AMBCrypto, whale activity intensified throughout the week as wallet 0x4E53 repeatedly accumulated HYPE during periods of weakness. The latest purchase added another 151,000 HYPE worth approximately $6.09 million before the tokens moved directly into staking. Earlier transactions also showed nearly 350,000 HYPE entering staking positions from the same wallet, suggesting the whale focused on long-term positioning instead of short-term speculation. Large staking transfers often reduced liquid supply available for immediate selling pressure.
As reported by AMBCrypto, spot netflow data showed that exchange outflows continued outweighing inflows despite recent volatility. The latest daily reading reached negative $2.24 million, extending a broader pattern of withdrawals from trading platforms. Several previous sessions also recorded heavy outflows, including periods where net withdrawals exceeded $10 million. This trend suggested that holders continued moving HYPE away from exchanges instead of preparing large-scale sell activity, though the persistent outflows failed to trigger immediate upside continuation due to broader market weakness.
According to AMBCrypto analysis, HYPE lost the critical $39.74 support after rejecting sharply beneath the $44.71 resistance zone. The daily chart showed sellers regaining control after several failed breakout attempts near the upper channel boundary, with price then slipping beneath short-term ascending support before approaching the broader channel defense area near $35. Buyers still attempted to protect that structure because the ascending channel remained technically intact on higher timeframes. The Relative Strength Index dropped near 40 after spending several weeks above neutral territory, with RSI crossing beneath its moving average, reflecting weakening buyer strength during the latest rejection phase.
As reported by AMBCrypto, Binance top trader positioning remained tilted toward longs despite HYPE's recent decline from resistance. Data showed that 53% of top trader accounts still held long positions, while short accounts represented 47% of total positioning. The Long/Short Ratio stayed above 1.13, signaling that bullish sentiment still dominated among larger derivatives traders. Traders appeared to expect stabilization near the ascending channel rather than a complete breakdown, with this bullish bias aligning with the continued whale accumulation and exchange outflow structure seen throughout the week.
According to AMBCrypto analysis, the $35 channel support now remains the most important level on the chart. If buyers defend that region successfully, HYPE could regain strength and attempt another recovery toward higher resistance zones in the coming sessions. The projected path indicated a possible retest of the $35 support before any meaningful rebound attempt emerges. If bulls defend that zone successfully, HYPE could attempt another move toward the $39.74 and $44.71 resistance regions afterward, with reduced liquid supply potentially supporting faster price recovery conditions during future rebounds.
