Hyperliquid falls below $60 after Multicoin Capital unstakes $120 million in HYPE and ETF outflows continue
first published 2026-07-22T12:49:04Z
HYPE dropped nearly 7.31% in 24 hours to below $60 after Multicoin Capital unstaked 1.96 million HYPE worth about $120 million, while ongoing spot ETF outflows added pressure. The token broke below a key symmetrical triangle support but is still holding above the $54-$55 zone, with traders watching for a rebound toward $63-$70 or a deeper decline toward $48 if support fails.
AI Analysis
The summary cites a large $120 million unstake and continued ETF outflows, alongside a break below technical support and a 7.31% daily drop, all of which are concrete bearish factors for HYPE.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
