Last week, there was a net buy-in of 7 million, but this week it flipped to a net sell-off of 1.7 million. The shift in capital flow was a bit quick, and the short-term speculative intensity of HYPE has increased again.

CryptoWorld News: The TWAP (time-weighted average price) order direction for HYPE spot on Hyperliquid has reversed today—from being buy-order dominated to sell-side dominance. All relevant orders have already seen some partial fills. Based on estimates, the net sell pressure from HYPE’s TWAP within the next 24 hours will reach $1.7 million. Using the same criteria, last Thursday and Friday both recorded net buys of roughly $7 million. Over the next few days, the funding situation has shifted somewhat after a period of concentrated chase-buying. Among the existing orders, the largest single sell address (0x519c) plans to liquidate about 48,000 HYPE. This is the core force currently driving the dominant sell pressure. As of now, a remaining position of 77,600 HYPE (worth about $4.6 million) has not yet been sold.