{"id":132761,"date":"2026-11-09T09:10:41","date_gmt":"2026-11-09T08:10:41","guid":{"rendered":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/"},"modified":"2026-11-09T09:10:41","modified_gmt":"2026-11-09T08:10:41","slug":"binance-restores-hyperliquid-withdrawals-shorts-pressure-price","status":"publish","type":"post","link":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/","title":{"rendered":"Binance Restores Hyperliquid Withdrawals &#8211; Institutional Shorts Pressure Token Price"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Binance Restores Hyperliquid Withdrawals After Hack \u2013 Institutional Shorts Pressure Token Price<\/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>Binance restarted withdrawals for Hyperliquid and Aptos 10 days after a security incident forced a platform-wide freeze.<\/li><li>Institutional trading firms hold massive short positions against the token, led by Abraxas with a $77.60 million bearish bet.<\/li><li>Hyperliquid currently tests a critical support level around $75 following a 12 percent decline over the past seven days.<\/li><li>The daily trading volume for the token hit $442 million as it became the most viewed asset in the market.<\/li><\/ul>\n\n<span class=\"anchor\" id=\"binance-restores-access-to-hyperliquid-and-aptos-following-late-october-security-breach\" title=\"Binance restores access to Hyperliquid and Aptos following late-October security breach\"><\/span><h2 class=\"wp-block-heading\">Binance restores access to Hyperliquid and Aptos following late-October security breach<\/h2>\n\n<p class=\"wp-block-paragraph\">The cryptocurrency exchange Binance recently announced the resumption of withdrawals for Hyperliquid and Aptos. Users experienced a 10-day freeze on these specific assets following a security breach on the platform in late October. The sudden halt in services caused significant frustration among account holders because the Hyperliquid blockchain itself was not directly involved in the hack. Representatives from the exchange stated the pause was necessary to prevent assets from becoming stuck in processing queues and to avoid any potential loss of customer funds.<\/p>\n\n<p class=\"wp-block-paragraph\">Company officials confirmed they are gradually restoring services across the board following the security event. The platform is bringing additional assets and networks back online in distinct phases to ensure system stability. Several tokens are already active and functioning normally again for users. These re-enabled assets include various altcoins and stablecoins operating on both the Ethereum and Solana networks.<\/p>\n\n<span class=\"anchor\" id=\"hyperliquid-dominates-market-search-volume-as-daily-trading-hits-442-million\" title=\"Hyperliquid dominates market search volume as daily trading hits $442 million\"><\/span><h2 class=\"wp-block-heading\">Hyperliquid dominates market search volume as daily trading hits $442 million<\/h2>\n\n<p class=\"wp-block-paragraph\">The withdrawal announcement triggered a massive spike in user interest for the native asset of the decentralized exchange. Hyperliquid emerged as the most viewed token across tracking platforms over a 24-hour period. It completely outpaced other highly searched digital assets in the broader cryptocurrency market. The token saw higher search interest than Kinetiq, Bitcoin, and Pudgy Penguins during this specific timeframe.<\/p>\n\n<p class=\"wp-block-paragraph\">Trading activity surged aggressively alongside this renewed market interest. The daily trading volume for the token hit a massive <strong>$442 million<\/strong> as users reacted to the exchange news. The asset traded at exactly $77 on the open market when the withdrawal resumption was officially announced.<\/p>\n\n<span class=\"anchor\" id=\"institutional-short-positions-top-77-million-as-abraxas-and-wintermute-bet-against-the-token\" title=\"Institutional short positions top $77 million as Abraxas and Wintermute bet against the token\"><\/span><h2 class=\"wp-block-heading\">Institutional short positions top $77 million as Abraxas and Wintermute bet against the token<\/h2>\n\n<p class=\"wp-block-paragraph\">Market sentiment surrounding the token remains predominantly bearish despite the restored exchange access. Large institutional players are aggressively building short positions to profit from potential downward price movements. The trading firm Abraxas holds a massive perpetual exposure exceeding $451 million across the entire cryptocurrency market. The firm holds a <strong>$77.60 million short position<\/strong> directly against Hyperliquid as part of this strategy.<\/p>\n\n<p class=\"wp-block-paragraph\">This specific bet represents the second-largest short position for Abraxas overall. The Hyperliquid short sits at roughly half the size of the $158 million short position the firm holds against Bitcoin. These trading positions are currently highly profitable for the institution based on recent price action. The firm holds an unrealized profit of more than $30.77 million on its active short positions. Wintermute is also betting against the token, carrying a perpetual exposure of about $107 million in the current market.<\/p>\n\n<p class=\"wp-block-paragraph\">Retail whales and smart traders are joining the institutional selling pressure to drive prices lower. One large trader recently sold 433,000 tokens using 10x leverage on their trading position. This specific trader appears to be struggling with market direction, sitting on lifetime trading losses of approximately $20.92 million. These leveraged sales are actively compounding the downward pressure on the market price of the asset.<\/p>\n\n<span class=\"anchor\" id=\"bearish-pressure-tests-key-75-support-level-for-the-decentralized-exchange-token\" title=\"Bearish pressure tests key $75 support level for the decentralized exchange token\"><\/span><h2 class=\"wp-block-heading\">Bearish pressure tests key $75 support level for the decentralized exchange token<\/h2>\n\n<p class=\"wp-block-paragraph\">The combined selling pressure has positioned the token among the worst performing altcoins in the current digital asset market. The asset value dropped by more than 12 percent over a consecutive seven-day period. This week\u2019s downward price action completely erased the market gains recorded during the previous week. The prior week featured a strong green candle that saw the price rally from $76 to close at $88 before the current sell-off began.<\/p>\n\n<p class=\"wp-block-paragraph\">The token is currently hovering around the $75 mark on trading platforms. Chart metrics identify this specific price point as a critical support level that has held firm since late August. A breakdown below this technical threshold could trigger further market liquidations. Sellers pushing the price below $75 could force the asset down to secondary support levels at $70 or aggressively down to $60. The resumption of withdrawals on Binance could potentially revive trader confidence to change this broader market sentiment.<\/p>\n\n<span class=\"anchor\" id=\"our-assessment\" title=\"Our Assessment\"><\/span><h2 class=\"wp-block-heading\">Our Assessment<\/h2>\n\n<p class=\"wp-block-paragraph\">The resumption of withdrawals on Binance resolves a major technical hurdle for users holding Hyperliquid and Aptos. Restoring access to these funds removes a significant point of friction that followed the exchange hack in late October. The broader market reaction shows clear institutional skepticism regarding the short-term performance of the token despite this positive development. Heavy short selling from major trading firms like Abraxas and Wintermute is actively testing the historical price support levels of the asset. The $75 price threshold remains a critical indicator for whether the token can absorb the ongoing institutional sell-off or face a steeper decline toward the $60 range.<\/p>\n\n\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>Binance has resumed withdrawals for Hyperliquid and Aptos ten days after a security incident. The token now faces massive selling pressure as institutional firms build major short positions.<\/p>\n","protected":false},"author":8,"featured_media":132760,"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-132761","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":{"faqs":null,"sort_number":26,"sort_number_no_override":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance Restores HYPE Withdrawals Amid Heavy Short Selling<\/title>\n<meta name=\"description\" content=\"Binance restores Hyperliquid and Aptos withdrawals following a late-October hack. Institutional traders build $77.6M in short positions against the token.\" \/>\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\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kryptocasinos.com EN\" \/>\n<meta property=\"og:description\" content=\"Binance restores Hyperliquid and Aptos withdrawals following a late-October hack. Institutional traders build $77.6M in short positions against the token.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/\" \/>\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=\"2026-11-09T08:10:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.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=\"4 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\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/\"},\"author\":{\"name\":\"Isabella Brown\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#\\\/schema\\\/person\\\/badee6a5ed8b6777da5bd380d112bcdc\"},\"headline\":\"Binance Restores Hyperliquid Withdrawals &#8211; Institutional Shorts Pressure Token Price\",\"datePublished\":\"2026-11-09T09:10:41+01:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/\"},\"wordCount\":835,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#respond\"]}],\"description\":\"\",\"isAccessibleForFree\":true,\"articleBody\":\"Binance Restores Hyperliquid Withdrawals After Hack - Institutional Shorts Pressure Token Price\\n\\nKey Takeaways\\n\\nBinance restarted withdrawals for Hyperliquid and Aptos 10 days after a security incident forced a platform-wide freeze.Institutional trading firms hold massive short positions against the token, led by Abraxas with a $77.60 million bearish bet.Hyperliquid currently tests a critical support level around $75 following a 12 percent decline over the past seven days.The daily trading volume for the token hit $442 million as it became the most viewed asset in the market.\\n\\nBinance restores access to Hyperliquid and Aptos following late-October security breach\\n\\nThe cryptocurrency exchange Binance recently announced the resumption of withdrawals for Hyperliquid and Aptos. Users experienced a 10-day freeze on these specific assets following a security breach on the platform in late October. The sudden halt in services caused significant frustration among account holders because the Hyperliquid blockchain itself was not directly involved in the hack. Representatives from the exchange stated the pause was necessary to prevent assets from becoming stuck in processing queues and to avoid any potential loss of customer funds.\\n\\nCompany officials confirmed they are gradually restoring services across the board following the security event. The platform is bringing additional assets and networks back online in distinct phases to ensure system stability. Several tokens are already active and functioning normally again for users. These re-enabled assets include various altcoins and stablecoins operating on both the Ethereum and Solana networks.\\n\\nHyperliquid dominates market search volume as daily trading hits $442 million\\n\\nThe withdrawal announcement triggered a massive spike in user interest for the native asset of the decentralized exchange. Hyperliquid emerged as the most viewed token across tracking platforms over a 24-hour period. It completely outpaced other highly searched digital assets in the broader cryptocurrency market. The token saw higher search interest than Kinetiq, Bitcoin, and Pudgy Penguins during this specific timeframe.\\n\\nTrading activity surged aggressively alongside this renewed market interest. The daily trading volume for the token hit a massive $442 million as users reacted to the exchange news. The asset traded at exactly $77 on the open market when the withdrawal resumption was officially announced.\\n\\nInstitutional short positions top $77 million as Abraxas and Wintermute bet against the token\\n\\nMarket sentiment surrounding the token remains predominantly bearish despite the restored exchange access. Large institutional players are aggressively building short positions to profit from potential downward price movements. The trading firm Abraxas holds a massive perpetual exposure exceeding $451 million across the entire cryptocurrency market. The firm holds a $77.60 million short position directly against Hyperliquid as part of this strategy.\\n\\nThis specific bet represents the second-largest short position for Abraxas overall. The Hyperliquid short sits at roughly half the size of the $158 million short position the firm holds against Bitcoin. These trading positions are currently highly profitable for the institution based on recent price action. The firm holds an unrealized profit of more than $30.77 million on its active short positions. Wintermute is also betting against the token, carrying a perpetual exposure of about $107 million in the current market.\\n\\nRetail whales and smart traders are joining the institutional selling pressure to drive prices lower. One large trader recently sold 433,000 tokens using 10x leverage on their trading position. This specific trader appears to be struggling with market direction, sitting on lifetime trading losses of approximately $20.92 million. These leveraged sales are actively compounding the downward pressure on the market price of the asset.\\n\\nBearish pressure tests key $75 support level for the decentralized exchange token\\n\\nThe combined selling pressure has positioned the token among the worst performing altcoins in the current digital asset market. The asset value dropped by more than 12 percent over a consecutive seven-day period. This week's downward price action completely erased the market gains recorded during the previous week. The prior week featured a strong green candle that saw the price rally from $76 to close at $88 before the current sell-off began.\\n\\nThe token is currently hovering around the $75 mark on trading platforms. Chart metrics identify this specific price point as a critical support level that has held firm since late August. A breakdown below this technical threshold could trigger further market liquidations. Sellers pushing the price below $75 could force the asset down to secondary support levels at $70 or aggressively down to $60. The resumption of withdrawals on Binance could potentially revive trader confidence to change this broader market sentiment.\\n\\nOur Assessment\\n\\nThe resumption of withdrawals on Binance resolves a major technical hurdle for users holding Hyperliquid and Aptos. Restoring access to these funds removes a significant point of friction that followed the exchange hack in late October. The broader market reaction shows clear institutional skepticism regarding the short-term performance of the token despite this positive development. Heavy short selling from major trading firms like Abraxas and Wintermute is actively testing the historical price support levels of the asset. The $75 price threshold remains a critical indicator for whether the token can absorb the ongoing institutional sell-off or face a steeper decline toward the $60 range.\\n\\n\\n\\n\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/\",\"name\":\"Binance Restores HYPE Withdrawals Amid Heavy Short Selling\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg\",\"datePublished\":\"2026-11-09T09:10:41+01:00\",\"description\":\"Binance restores Hyperliquid and Aptos withdrawals following a late-October hack. Institutional traders build $77.6M in short positions against the token.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg\",\"contentUrl\":\"https:\\\/\\\/www.kryptocasinos.com\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg\",\"width\":1408,\"height\":736,\"caption\":\"An unlocked padlock beside a stack of blank coins and a downward-trending line chart.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/news\\\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance Restores Hyperliquid Withdrawals - Institutional Shorts Pressure Token Price\"}]},{\"@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\":\"Isabella Brown is a Senior Editor and Crypto Gambling Analyst at KryptoCasinos.com. She has worked in iGaming since 2017, including three years analyzing industry news and trends at iGaming Business (iGB). She covers crypto gambling regulation, casino security, and market developments for US readers, and checks site content for accuracy before publication.\",\"birthDate\":\"1995-02-13\",\"url\":\"https:\\\/\\\/www.kryptocasinos.com\\\/en\\\/author\\\/isabella\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Binance Restores HYPE Withdrawals Amid Heavy Short Selling","description":"Binance restores Hyperliquid and Aptos withdrawals following a late-October hack. Institutional traders build $77.6M in short positions against the token.","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\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/","og_type":"article","og_title":"Kryptocasinos.com EN","og_description":"Binance restores Hyperliquid and Aptos withdrawals following a late-October hack. Institutional traders build $77.6M in short positions against the token.","og_url":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/","og_site_name":"Kryptocasinos.com","article_publisher":"https:\/\/www.facebook.com\/kryptocasinoscomm\/","article_published_time":"2026-11-09T08:10:41+00:00","og_image":[{"width":1408,"height":736,"url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg","type":"image\/jpeg"}],"author":"Isabella Brown","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Isabella Brown","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/#article","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/"},"author":{"name":"Isabella Brown","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc"},"headline":"Binance Restores Hyperliquid Withdrawals &#8211; Institutional Shorts Pressure Token Price","datePublished":"2026-11-09T09:10:41+01:00","mainEntityOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/"},"wordCount":835,"commentCount":0,"publisher":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#organization"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/#respond"]}],"description":"","isAccessibleForFree":true,"articleBody":"Binance Restores Hyperliquid Withdrawals After Hack - Institutional Shorts Pressure Token Price\n\nKey Takeaways\n\nBinance restarted withdrawals for Hyperliquid and Aptos 10 days after a security incident forced a platform-wide freeze.Institutional trading firms hold massive short positions against the token, led by Abraxas with a $77.60 million bearish bet.Hyperliquid currently tests a critical support level around $75 following a 12 percent decline over the past seven days.The daily trading volume for the token hit $442 million as it became the most viewed asset in the market.\n\nBinance restores access to Hyperliquid and Aptos following late-October security breach\n\nThe cryptocurrency exchange Binance recently announced the resumption of withdrawals for Hyperliquid and Aptos. Users experienced a 10-day freeze on these specific assets following a security breach on the platform in late October. The sudden halt in services caused significant frustration among account holders because the Hyperliquid blockchain itself was not directly involved in the hack. Representatives from the exchange stated the pause was necessary to prevent assets from becoming stuck in processing queues and to avoid any potential loss of customer funds.\n\nCompany officials confirmed they are gradually restoring services across the board following the security event. The platform is bringing additional assets and networks back online in distinct phases to ensure system stability. Several tokens are already active and functioning normally again for users. These re-enabled assets include various altcoins and stablecoins operating on both the Ethereum and Solana networks.\n\nHyperliquid dominates market search volume as daily trading hits $442 million\n\nThe withdrawal announcement triggered a massive spike in user interest for the native asset of the decentralized exchange. Hyperliquid emerged as the most viewed token across tracking platforms over a 24-hour period. It completely outpaced other highly searched digital assets in the broader cryptocurrency market. The token saw higher search interest than Kinetiq, Bitcoin, and Pudgy Penguins during this specific timeframe.\n\nTrading activity surged aggressively alongside this renewed market interest. The daily trading volume for the token hit a massive $442 million as users reacted to the exchange news. The asset traded at exactly $77 on the open market when the withdrawal resumption was officially announced.\n\nInstitutional short positions top $77 million as Abraxas and Wintermute bet against the token\n\nMarket sentiment surrounding the token remains predominantly bearish despite the restored exchange access. Large institutional players are aggressively building short positions to profit from potential downward price movements. The trading firm Abraxas holds a massive perpetual exposure exceeding $451 million across the entire cryptocurrency market. The firm holds a $77.60 million short position directly against Hyperliquid as part of this strategy.\n\nThis specific bet represents the second-largest short position for Abraxas overall. The Hyperliquid short sits at roughly half the size of the $158 million short position the firm holds against Bitcoin. These trading positions are currently highly profitable for the institution based on recent price action. The firm holds an unrealized profit of more than $30.77 million on its active short positions. Wintermute is also betting against the token, carrying a perpetual exposure of about $107 million in the current market.\n\nRetail whales and smart traders are joining the institutional selling pressure to drive prices lower. One large trader recently sold 433,000 tokens using 10x leverage on their trading position. This specific trader appears to be struggling with market direction, sitting on lifetime trading losses of approximately $20.92 million. These leveraged sales are actively compounding the downward pressure on the market price of the asset.\n\nBearish pressure tests key $75 support level for the decentralized exchange token\n\nThe combined selling pressure has positioned the token among the worst performing altcoins in the current digital asset market. The asset value dropped by more than 12 percent over a consecutive seven-day period. This week's downward price action completely erased the market gains recorded during the previous week. The prior week featured a strong green candle that saw the price rally from $76 to close at $88 before the current sell-off began.\n\nThe token is currently hovering around the $75 mark on trading platforms. Chart metrics identify this specific price point as a critical support level that has held firm since late August. A breakdown below this technical threshold could trigger further market liquidations. Sellers pushing the price below $75 could force the asset down to secondary support levels at $70 or aggressively down to $60. The resumption of withdrawals on Binance could potentially revive trader confidence to change this broader market sentiment.\n\nOur Assessment\n\nThe resumption of withdrawals on Binance resolves a major technical hurdle for users holding Hyperliquid and Aptos. Restoring access to these funds removes a significant point of friction that followed the exchange hack in late October. The broader market reaction shows clear institutional skepticism regarding the short-term performance of the token despite this positive development. Heavy short selling from major trading firms like Abraxas and Wintermute is actively testing the historical price support levels of the asset. The $75 price threshold remains a critical indicator for whether the token can absorb the ongoing institutional sell-off or face a steeper decline toward the $60 range.\n\n\n\n"},{"@type":"WebPage","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/","url":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/","name":"Binance Restores HYPE Withdrawals Amid Heavy Short Selling","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/#primaryimage"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/11\/binance-restores-hyperliquid-withdrawals-shorts-pressure-price.jpg","datePublished":"2026-11-09T09:10:41+01:00","description":"Binance restores Hyperliquid and Aptos withdrawals following a late-October hack. 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