{"id":129450,"date":"2026-06-25T17:04:53","date_gmt":"2026-06-25T15:04:53","guid":{"rendered":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/"},"modified":"2026-06-25T17:04:53","modified_gmt":"2026-06-25T15:04:53","slug":"hype-whales-withdraw-23m-exchanges-60-support","status":"publish","type":"post","link":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/","title":{"rendered":"HYPE Whales Withdraw $23 Million From Exchanges Near $60 Support"},"content":{"rendered":"<p>HYPE Whales Withdraw $23 Million From Exchanges \u2013 Accumulation Concentrates Supply Near Key $60 Support<\/p>\n\n<span class=\"anchor\" id=\"key-takeaways\" title=\"Key Takeaways\"><\/span><h2 class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n<ul class=\"wp-block-list\"><li>Two large wallets withdrew more than 375,000 HYPE worth over $23 million from Coinbase Prime and BitGo.<\/li><li>The tokens were moved into private custody rather than transferred to other exchanges.<\/li><li>Retail activity remained limited despite increased whale accumulation.<\/li><li>HYPE traded above a key support confluence near $60, with resistance levels at $66.88 and $73.64.<\/li><li>Liquidation data showed dense liquidity clusters between $63.5 and $66.<\/li><\/ul>\n\n<span class=\"anchor\" id=\"large-wallets-remove-375000-hype-from-centralized-platforms\" title=\"Large Wallets Remove 375,000 HYPE From Centralized Platforms\"><\/span><h2 class=\"wp-block-heading\">Large Wallets Remove 375,000 HYPE From Centralized Platforms<\/h2>\n\n<p>Two large holders significantly increased their exposure to Hyperliquid\u2019s HYPE token as the asset traded close to a major technical support area. According to blockchain tracking data cited by Lookonchain, a newly created wallet withdrew 278,827 HYPE, valued at approximately $17.45 million, from Coinbase Prime.<\/p>\n\n<p>Shortly afterward, wallet address 0x2386, which had been inactive for roughly one month, removed an additional 96,930 HYPE worth about $6.01 million from BitGo. Together, the two transactions totaled more than 375,000 HYPE, representing over $23 million in withdrawals from centralized custodial platforms.<\/p>\n\n<p>Both wallets transferred the tokens into private custody. The assets were not moved to other exchanges, which effectively reduced the immediately available trading supply on centralized venues at the time of the transactions.<\/p>\n\n<span class=\"anchor\" id=\"retail-participation-remains-limited-despite-whale-activity\" title=\"Retail Participation Remains Limited Despite Whale Activity\"><\/span><h2 class=\"wp-block-heading\">Retail Participation Remains Limited Despite Whale Activity<\/h2>\n\n<p>While large holders increased their positions, retail trading activity remained subdued. The Trading Frequency metric referenced in the data signaled \u201cFew Retail,\u201d indicating that smaller market participants had not entered the market in large numbers.<\/p>\n\n<p>This divergence highlights that recent positioning in HYPE has been driven primarily by a relatively small number of larger investors. The structure differs from rallies characterized by broad speculative participation. Instead, the available data shows accumulation concentrated among large wallets while overall retail engagement stayed muted.<\/p>\n\n<p>The lack of strong retail inflows also suggests that market activity has not reached widespread speculative intensity. In the latest trading sessions, whale transactions appeared to be the dominant factor influencing short term sentiment around HYPE.<\/p>\n\n<span class=\"anchor\" id=\"hype-holds-above-60-support-within-cup-and-handle-structure\" title=\"HYPE Holds Above $60 Support Within Cup And Handle Structure\"><\/span><h2 class=\"wp-block-heading\">HYPE Holds Above $60 Support Within Cup And Handle Structure<\/h2>\n\n<p>At the time of reporting, HYPE was trading above a critical technical zone near $60 after retreating from a recent high close to $76. The daily chart showed a developing cup and handle formation, with the handle forming during the most recent correction.<\/p>\n\n<p>The $60 area represented a confluence of support. It marked the intersection of the cup and handle neckline and an ascending trendline that has supported the uptrend since mid May. Maintaining this level has been central to preserving the broader chart structure.<\/p>\n\n<p>Momentum indicators showed some cooling. The Relative Strength Index declined to 48.7, falling below the neutral 50 level and under its moving average near 55.2. This shift reflected reduced buying pressure during the pullback. However, as long as price action remains above the support confluence, the overall formation remains technically intact.<\/p>\n\n<p>Immediate resistance stood at $66.88. A move beyond that level would expose the next resistance near $73.64. Conversely, a sustained break below the $60 support zone would weaken the current bullish structure.<\/p>\n\n<span class=\"anchor\" id=\"liquidation-heatmap-shows-dense-clusters-above-current-price\" title=\"Liquidation Heatmap Shows Dense Clusters Above Current Price\"><\/span><h2 class=\"wp-block-heading\">Liquidation Heatmap Shows Dense Clusters Above Current Price<\/h2>\n\n<p>Derivatives market data added another layer to the current setup. The Binance Liquidation Heatmap indicated a concentration of liquidation liquidity directly above the prevailing market price.<\/p>\n\n<p>The first significant cluster appeared between approximately $63.5 and $64.5. A larger concentration was visible around the $66 region, closely aligning with the $66.88 resistance level identified on the daily chart.<\/p>\n\n<p>Such liquidity pockets often represent areas where leveraged short positions are concentrated. If price moves upward into these zones, short liquidations can occur, potentially accelerating volatility. The visible imbalance between overhead liquidity and nearby downside liquidity placed additional focus on the $64 and $66 levels as short term reference points.<\/p>\n\n<span class=\"anchor\" id=\"our-assessment\" title=\"Our Assessment\"><\/span><h2 class=\"wp-block-heading\">Our Assessment<\/h2>\n\n<p>Available on chain and market data show that more than $23 million worth of HYPE was withdrawn from Coinbase Prime and BitGo into private wallets while the token traded near a major support level around $60. Retail participation remained limited, with whale transactions driving recent positioning. Technically, HYPE continues to hold above a key confluence within a cup and handle formation, while liquidation data highlights concentrated liquidity between $63.5 and $66. Together, these factors define the current market structure and the levels most closely monitored by participants.<\/p>\n\n<div class=\"gambling-disclaimer\">\n\t<p>\n\t\tWe have imposed strict editorial guidelines on ourselves and explain our testing methods openly and comprehensively. We also communicate transparently how our work is financed. This site may contain tracking links, but this does not influence our objective view in any way.\t<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two large wallets withdrew more than $23 million in HYPE from Coinbase Prime and BitGo. The token continues to trade above key support near $60 amid limited retail activity.<\/p>\n","protected":false},"author":8,"featured_media":129449,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"news_crypto_coin":[],"class_list":["post-129450","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":{"faqs":null,"sort_number":999,"sort_number_no_override":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HYPE Whales Withdraw $23M Near $60 Support<\/title>\n<meta name=\"description\" content=\"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kryptocasinos.com EN\" \/>\n<meta property=\"og:description\" content=\"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\" \/>\n<meta property=\"og:site_name\" content=\"Kryptocasinos.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kryptocasinoscomm\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-25T15:04:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1408\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Isabella Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Isabella Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\"},\"author\":{\"name\":\"Isabella Brown\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc\"},\"headline\":\"HYPE Whales Withdraw $23 Million From Exchanges Near $60 Support\",\"datePublished\":\"2026-06-25T17:04:53+02:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\"},\"wordCount\":689,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#respond\"]}],\"description\":\"\",\"isAccessibleForFree\":true,\"articleBody\":\"HYPE Whales Withdraw $23 Million From Exchanges - Accumulation Concentrates Supply Near Key $60 Support\\n\\nKey Takeaways\\n\\nTwo large wallets withdrew more than 375,000 HYPE worth over $23 million from Coinbase Prime and BitGo.The tokens were moved into private custody rather than transferred to other exchanges.Retail activity remained limited despite increased whale accumulation.HYPE traded above a key support confluence near $60, with resistance levels at $66.88 and $73.64.Liquidation data showed dense liquidity clusters between $63.5 and $66.\\n\\nLarge Wallets Remove 375,000 HYPE From Centralized Platforms\\n\\nTwo large holders significantly increased their exposure to Hyperliquid's HYPE token as the asset traded close to a major technical support area. According to blockchain tracking data cited by Lookonchain, a newly created wallet withdrew 278,827 HYPE, valued at approximately $17.45 million, from Coinbase Prime.\\n\\nShortly afterward, wallet address 0x2386, which had been inactive for roughly one month, removed an additional 96,930 HYPE worth about $6.01 million from BitGo. Together, the two transactions totaled more than 375,000 HYPE, representing over $23 million in withdrawals from centralized custodial platforms.\\n\\nBoth wallets transferred the tokens into private custody. The assets were not moved to other exchanges, which effectively reduced the immediately available trading supply on centralized venues at the time of the transactions.\\n\\nRetail Participation Remains Limited Despite Whale Activity\\n\\nWhile large holders increased their positions, retail trading activity remained subdued. The Trading Frequency metric referenced in the data signaled \\\"Few Retail,\\\" indicating that smaller market participants had not entered the market in large numbers.\\n\\nThis divergence highlights that recent positioning in HYPE has been driven primarily by a relatively small number of larger investors. The structure differs from rallies characterized by broad speculative participation. Instead, the available data shows accumulation concentrated among large wallets while overall retail engagement stayed muted.\\n\\nThe lack of strong retail inflows also suggests that market activity has not reached widespread speculative intensity. In the latest trading sessions, whale transactions appeared to be the dominant factor influencing short term sentiment around HYPE.\\n\\nHYPE Holds Above $60 Support Within Cup And Handle Structure\\n\\nAt the time of reporting, HYPE was trading above a critical technical zone near $60 after retreating from a recent high close to $76. The daily chart showed a developing cup and handle formation, with the handle forming during the most recent correction.\\n\\nThe $60 area represented a confluence of support. It marked the intersection of the cup and handle neckline and an ascending trendline that has supported the uptrend since mid May. Maintaining this level has been central to preserving the broader chart structure.\\n\\nMomentum indicators showed some cooling. The Relative Strength Index declined to 48.7, falling below the neutral 50 level and under its moving average near 55.2. This shift reflected reduced buying pressure during the pullback. However, as long as price action remains above the support confluence, the overall formation remains technically intact.\\n\\nImmediate resistance stood at $66.88. A move beyond that level would expose the next resistance near $73.64. Conversely, a sustained break below the $60 support zone would weaken the current bullish structure.\\n\\nLiquidation Heatmap Shows Dense Clusters Above Current Price\\n\\nDerivatives market data added another layer to the current setup. The Binance Liquidation Heatmap indicated a concentration of liquidation liquidity directly above the prevailing market price.\\n\\nThe first significant cluster appeared between approximately $63.5 and $64.5. A larger concentration was visible around the $66 region, closely aligning with the $66.88 resistance level identified on the daily chart.\\n\\nSuch liquidity pockets often represent areas where leveraged short positions are concentrated. If price moves upward into these zones, short liquidations can occur, potentially accelerating volatility. The visible imbalance between overhead liquidity and nearby downside liquidity placed additional focus on the $64 and $66 levels as short term reference points.\\n\\nOur Assessment\\n\\nAvailable on chain and market data show that more than $23 million worth of HYPE was withdrawn from Coinbase Prime and BitGo into private wallets while the token traded near a major support level around $60. Retail participation remained limited, with whale transactions driving recent positioning. Technically, HYPE continues to hold above a key confluence within a cup and handle formation, while liquidation data highlights concentrated liquidity between $63.5 and $66. Together, these factors define the current market structure and the levels most closely monitored by participants.\\n\\n\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\",\"name\":\"HYPE Whales Withdraw $23M Near $60 Support\",\"isPartOf\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg\",\"datePublished\":\"2026-06-25T17:04:53+02:00\",\"description\":\"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage\",\"url\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg\",\"contentUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg\",\"width\":1408,\"height\":736,\"caption\":\"Two oversized digital wallets beside a secure vault building with gold coins flowing toward a rising chart screen.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.kryptocasinos.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HYPE Whales Withdraw $23 Million From Exchanges Near $60 Support\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#website\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/\",\"name\":\"Kryptocasinos.com\",\"description\":\"\",\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#organization\",\"name\":\"Kryptocasinos.com\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg\",\"contentUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg\",\"width\":109,\"height\":34,\"caption\":\"Kryptocasinos.com\"},\"image\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/kryptocasinoscomm\/\"],\"description\":\"Explore the best crypto casinos for %%currentyear%%. Compare top Bitcoin gambling sites by payouts, bonuses, KYC, and supported coins, with hands-on testing.\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"557 Fuk Wing St\",\"addressLocality\":\"Cheung Sha Wan\",\"addressRegion\":\"HK\",\"postalCode\":\"999077\",\"addressCountry\":\"CN\"},\"contactPoint\":{\"@type\":\"ContactPoint\",\"email\":\"contact@kryptocasinos.com\"},\"foundingDate\":\"2021-03-27\",\"email\":\"hello@kryptocasinos.com\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"11\",\"maxValue\":\"50\"},\"publishingPrinciples\":\"https:\/\/www.kryptocasinos.com\/en\/editorial-guidelines\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc\",\"name\":\"Isabella Brown\",\"description\":\"Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.\",\"birthDate\":\"1995-02-13\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/author\/isabella\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HYPE Whales Withdraw $23M Near $60 Support","description":"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/","og_type":"article","og_title":"Kryptocasinos.com EN","og_description":"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66.","og_url":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/","og_site_name":"Kryptocasinos.com","article_publisher":"https:\/\/www.facebook.com\/kryptocasinoscomm\/","article_published_time":"2026-06-25T15:04:53+00:00","og_image":[{"width":1408,"height":736,"url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg","type":"image\/jpeg"}],"author":"Isabella Brown","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Isabella Brown","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#article","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/"},"author":{"name":"Isabella Brown","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc"},"headline":"HYPE Whales Withdraw $23 Million From Exchanges Near $60 Support","datePublished":"2026-06-25T17:04:53+02:00","mainEntityOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/"},"wordCount":689,"commentCount":0,"publisher":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#organization"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#respond"]}],"description":"","isAccessibleForFree":true,"articleBody":"HYPE Whales Withdraw $23 Million From Exchanges - Accumulation Concentrates Supply Near Key $60 Support\n\nKey Takeaways\n\nTwo large wallets withdrew more than 375,000 HYPE worth over $23 million from Coinbase Prime and BitGo.The tokens were moved into private custody rather than transferred to other exchanges.Retail activity remained limited despite increased whale accumulation.HYPE traded above a key support confluence near $60, with resistance levels at $66.88 and $73.64.Liquidation data showed dense liquidity clusters between $63.5 and $66.\n\nLarge Wallets Remove 375,000 HYPE From Centralized Platforms\n\nTwo large holders significantly increased their exposure to Hyperliquid's HYPE token as the asset traded close to a major technical support area. According to blockchain tracking data cited by Lookonchain, a newly created wallet withdrew 278,827 HYPE, valued at approximately $17.45 million, from Coinbase Prime.\n\nShortly afterward, wallet address 0x2386, which had been inactive for roughly one month, removed an additional 96,930 HYPE worth about $6.01 million from BitGo. Together, the two transactions totaled more than 375,000 HYPE, representing over $23 million in withdrawals from centralized custodial platforms.\n\nBoth wallets transferred the tokens into private custody. The assets were not moved to other exchanges, which effectively reduced the immediately available trading supply on centralized venues at the time of the transactions.\n\nRetail Participation Remains Limited Despite Whale Activity\n\nWhile large holders increased their positions, retail trading activity remained subdued. The Trading Frequency metric referenced in the data signaled \"Few Retail,\" indicating that smaller market participants had not entered the market in large numbers.\n\nThis divergence highlights that recent positioning in HYPE has been driven primarily by a relatively small number of larger investors. The structure differs from rallies characterized by broad speculative participation. Instead, the available data shows accumulation concentrated among large wallets while overall retail engagement stayed muted.\n\nThe lack of strong retail inflows also suggests that market activity has not reached widespread speculative intensity. In the latest trading sessions, whale transactions appeared to be the dominant factor influencing short term sentiment around HYPE.\n\nHYPE Holds Above $60 Support Within Cup And Handle Structure\n\nAt the time of reporting, HYPE was trading above a critical technical zone near $60 after retreating from a recent high close to $76. The daily chart showed a developing cup and handle formation, with the handle forming during the most recent correction.\n\nThe $60 area represented a confluence of support. It marked the intersection of the cup and handle neckline and an ascending trendline that has supported the uptrend since mid May. Maintaining this level has been central to preserving the broader chart structure.\n\nMomentum indicators showed some cooling. The Relative Strength Index declined to 48.7, falling below the neutral 50 level and under its moving average near 55.2. This shift reflected reduced buying pressure during the pullback. However, as long as price action remains above the support confluence, the overall formation remains technically intact.\n\nImmediate resistance stood at $66.88. A move beyond that level would expose the next resistance near $73.64. Conversely, a sustained break below the $60 support zone would weaken the current bullish structure.\n\nLiquidation Heatmap Shows Dense Clusters Above Current Price\n\nDerivatives market data added another layer to the current setup. The Binance Liquidation Heatmap indicated a concentration of liquidation liquidity directly above the prevailing market price.\n\nThe first significant cluster appeared between approximately $63.5 and $64.5. A larger concentration was visible around the $66 region, closely aligning with the $66.88 resistance level identified on the daily chart.\n\nSuch liquidity pockets often represent areas where leveraged short positions are concentrated. If price moves upward into these zones, short liquidations can occur, potentially accelerating volatility. The visible imbalance between overhead liquidity and nearby downside liquidity placed additional focus on the $64 and $66 levels as short term reference points.\n\nOur Assessment\n\nAvailable on chain and market data show that more than $23 million worth of HYPE was withdrawn from Coinbase Prime and BitGo into private wallets while the token traded near a major support level around $60. Retail participation remained limited, with whale transactions driving recent positioning. Technically, HYPE continues to hold above a key confluence within a cup and handle formation, while liquidation data highlights concentrated liquidity between $63.5 and $66. Together, these factors define the current market structure and the levels most closely monitored by participants.\n\n"},{"@type":"WebPage","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/","url":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/","name":"HYPE Whales Withdraw $23M Near $60 Support","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg","datePublished":"2026-06-25T17:04:53+02:00","description":"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#primaryimage","url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg","contentUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/06\/hype-whales-withdraw-23m-exchanges-60-support.jpg","width":1408,"height":736,"caption":"Two oversized digital wallets beside a secure vault building with gold coins flowing toward a rising chart screen."},{"@type":"BreadcrumbList","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/hype-whales-withdraw-23m-exchanges-60-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.kryptocasinos.com\/en\/"},{"@type":"ListItem","position":2,"name":"HYPE Whales Withdraw $23 Million From Exchanges Near $60 Support"}]},{"@type":"WebSite","@id":"https:\/\/www.kryptocasinos.com\/en\/#website","url":"https:\/\/www.kryptocasinos.com\/en\/","name":"Kryptocasinos.com","description":"","inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.kryptocasinos.com\/en\/#organization","name":"Kryptocasinos.com","url":"https:\/\/www.kryptocasinos.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg","contentUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg","width":109,"height":34,"caption":"Kryptocasinos.com"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kryptocasinoscomm\/"],"description":"Explore the best crypto casinos for %%currentyear%%. Compare top Bitcoin gambling sites by payouts, bonuses, KYC, and supported coins, with hands-on testing.","address":{"@type":"PostalAddress","streetAddress":"557 Fuk Wing St","addressLocality":"Cheung Sha Wan","addressRegion":"HK","postalCode":"999077","addressCountry":"CN"},"contactPoint":{"@type":"ContactPoint","email":"contact@kryptocasinos.com"},"foundingDate":"2021-03-27","email":"hello@kryptocasinos.com","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"11","maxValue":"50"},"publishingPrinciples":"https:\/\/www.kryptocasinos.com\/en\/editorial-guidelines\/"},{"@type":"Person","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc","name":"Isabella Brown","description":"Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.","birthDate":"1995-02-13","url":"https:\/\/www.kryptocasinos.com\/en\/author\/isabella\/"}]}},"yoast_meta":{"_yoast_wpseo_primary_category":"","_yoast_wpseo_title":"HYPE Whales Withdraw $23M Near $60 Support","_yoast_wpseo_metadesc":"Large wallets withdrew over $23 million in HYPE from exchanges as the token held support near $60, with resistance and liquidation levels at $64 to $66."},"_links":{"self":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/posts\/129450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/comments?post=129450"}],"version-history":[{"count":0,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/posts\/129450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/media\/129449"}],"wp:attachment":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/media?parent=129450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/categories?post=129450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/tags?post=129450"},{"taxonomy":"news_crypto_coin","embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/news_crypto_coin?post=129450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}