Over the past 7 days, we saw $55M in net buy pressure on spot HYPE, with the assistance fund being the largest buyer, buying $18.9M worth of HYPE.

https://hypurrscan.io/address/0xfefefefefefefefefefefefefefefefefefefefe

On perps, there was $20M in net buy pressure, with a newly created wallet being the biggest longer, opening a HYPE long worth $18.8M.

https://hypurrscan.io/address/0xbbc0a674eeee74717d7a3deed9d43d55087bc032

This wallet just got liquidated for $76.3M.

Ten days ago, it was sitting at $30.7M all-time PnL after making over $13M on October 10th.

He kept trading - and his profits have now dropped to $6.2M, meaning he’s lost more than $24M in just 10 days.

https://hypurrscan.io/address/0x9263c1bd29aa87a118242f3fbba4517037f8cc7a

Highstakescapital sold 47.6K HYPE ($1.74M) about 100 minutes ago.

https://hypurrscan.io/address/0x82d8dc80190e6bc1d92b048f9fc7e85e5e1e32ff

This wallet longed a total of 570K HYPE ($18.6M) over the past few weeks and is now on the verge of liquidation.

His average entry is 39.827, and his liquidation is at 30.724 - just 6% away from the current price.

https://hypurrscan.io/address/0x178d296356af8622c4405d77feccb137ecf5db1c

Tradexyz (Unit) just listed AAPL (Apple), now live and tradeable on HIP-3 directly on Hyperliquid!

Trade [AAPL] with up to 10x leverage 24/7, 365.

https://app.hyperliquid.xyz/trade/xyz:AAPL

Over the past 24 hours we saw $99M in net sell pressure on HYPE perps and $47.2M on HYPE spot - a combined total of $146.2M in net sell pressure on HYPE.

Note that this is strictly HyperCore data and does not include sell pressure coming from CEXs like Binance, Bybit, or OKX.

Top 5 HYPE perp sellers - responsible for a combined $26.06M in net sell pressure:

1. https://hypurrscan.io/address/0x4044570e13b5184f7eb2709de25a4eb766a4794c

2. https://hypurrscan.io/address/0xb885ed57cd16985f347d26f13a79dc4abd2e3c54

3. https://hypurrscan.io/address/0xc619b01f1a4f894c5e83338c42f98dcb82b710f5

4. https://hypurrscan.io/address/0x7fe8cfe481ec2f702692a9152e3f002f3e417ac6

5. https://hypurrscan.io/address/0xccb56f9cba0138bb9cb8f6a6ad290a6ea9879b46

Top 5 HYPE spot sellers - responsible for a combined $12.31M in net sell pressure:

1. https://hypurrscan.io/address/0xd49efec4387de8c891cc85663c4574b67320029d

2. https://hypurrscan.io/address/0xaf297dec752c909092a117a932a8ca4aaaff9795

3. https://hypurrscan.io/address/0xc926ddba8b7617dbc65712f20cf8e1b58b8598d3

4. https://hypurrscan.io/address/0x4d470e0a241c3d7321b4b6c6f23f214db85bfa47

5. https://hypurrscan.io/address/0xd84d88a7e7a1896983655862de870903fc566422

Net sell pressure on spot could include basis trades being unwound. I think that’s what happened with #3

≈ $53.91M in HYPE positions were liquidated on HyperCore over the past 24 hours - 8 shorts and 1,855 longs.

Over the last 24 hours, Hyperliquid saw $825.04M in liquidations.

source

This wallet - the same one that made over $50M on October 10th by getting ADL’d on his shorts, and who was short more than $50M on Aster after CZ announced his buys - just longed 232K HYPE ($7.7M) and placed a limit buy at 33.311 to long another 336K HYPE ($11.2M).

This move pushed funding up to 0.0200%, or 180% annualized.

https://hypurrscan.io/address/0xbadbb1de95b5f333623ebece7026932fa5039ee6

He basically round-tripped the entire profit and is now down almost $70M since November 10th.

https://hypurrscan.io/address/0x9eec98d048d06d9cd75318fffa3f3960e081daab

The team wallet unstaked 2.6M HYPE ($85.8M) about 5 hours ago.

https://hypurrscan.io/address/0x43e9abea1910387c4292bca4b94de81462f8a251

Note that we don’t know anything about the unlock process yet, and we also don’t know whether they’ll sell or not. It’s all speculation for now - the unstaking doesn’t necessarily mean they plan to sell imo.

Two hours ago, Native Markets upgraded USDH to qualify as an Aligned Quote Asset - just one day after staking an additional 800K HYPE to make it eligible. This unlocks 20% lower taker fees, 50% maker rebates, and +20% volume contribution toward fee tiers for every trader.

https://x.com/nativemarkets/status/1992228360618205471

They also sent $70K USDH to the assistance fund as a voluntary retroactive contribution - basically what they would’ve paid if the AQA had been live since day one.

https://app.hyperliquid.xyz/explorer/tx/0xb9625569fab5fe0abadc042ff934a302034c004f95b91cdc5d2b00bcb9b9d7f5

A unknown entity shorted a total of 1,677,529 HYPE ($51.65M) over the past few days at an average price of 34.2087 across 54 different wallets, with a liquidation price just 12% above the current price at 34.6703.

https://x.com/mlmabc/status/1992679646891270219

The $KNTQ genesis event will occur on November 27th at 12:00 UTC.

source

This wallet just market-sold 69.9K HYPE ($2.13M) about 10 minutes ago, wicking the price down 2.6% to $30.

https://hypurrscan.io/address/0x4e31ecf36d9d57a32010fc9dd80f2ddaf5d78442

Spot Monad deposits, withdrawals, and trading are now officially live on Hyperliquid.

app.hyperliquid.xyz/trade/MON/USDC

Felix just listed CRCL (Circle), now live and tradeable on HIP-3 directly on Hyperliquid!

Trade [CRCL] with up to 3x leverage 24/7, 365.

https://app.hyperliquid.xyz/trade/flx:CRCL

Not that it says much, but still worth mentioning:

The BTC whale ($10B+ whale / Garrett) is back on Hyperliquid after ~2 weeks of no activity.

He deposited $10M USDC about 2 hours ago and longed 15K ETH ($44.5M).

https://hypurrscan.io/address/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae

CL longed 111,111.11 HYPE ($3.7M) today and also bought 21K spot HYPE ($700K).

https://hypurrscan.io/address/0xcb58b8f5ec6d47985f0728465c25a08ef9ad2c7b

This wallet just deposited $32M USDC to Hyperliquid and immediately started a 10-minute TWAP to buy 300K HYPE ($10M).

https://hypurrscan.io/address/0x0a8494f70031623c9c0043aff4d40f334b458b11

His position is now down to just 757K HYPE ($26.1M), with his liquidation range sitting between $34.46–$37.00.