HYPE whale sell $1.8M, cash out near $39 as $40 support dey wobble

One Hyperliquid (HYPE) whale don cash out again, e sell 45,786 HYPE for about $1.8M USDC at average $39.39 and dem deposit the money for Coinbase. The sale happen when volatility rise and price weak, this kind flow dey usually show risk-off sentiment and fit make the price push down more. Earlier, another whale exit show say dem sell 199,999 HYPE near $40.77 after HYPE drop from mid-$40s to around $40. Together, the reports dey show whale-led selling for the same critical zone. Price action: HYPE briefly defend around $40, but the pullback still dey bearish. Momentum indicators wey the article mention still negative, Aroon setup dey show lows dey form more often than highs and the Stochastic Momentum Index confirm say sellers get strength. HYPE need daily close above $40 to open road toward about $42; if no, the support test fit fail again. Derivatives context: Perpetual activity cool down (Perpetual Volume drop from about $7.6B to about $6.3B), while Hyperliquid Futures netflow worsen to about -$11M. That combination normally reduce speculative bids and leave HYPE more vulnerable when whales dey sell. For traders, the main focus na whether HYPE fit hold the $40 area on a close—or whether whale cash-outs plus negative momentum go push price back to next support levels.