{"id":11423,"date":"2025-09-22T15:19:04","date_gmt":"2025-09-22T15:19:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hype-price-falls-10-as-arthur-hayes-sells-800k-worth-hyperliquid-tokens-to-buy-a-ferrari\/"},"modified":"2025-09-22T15:19:06","modified_gmt":"2025-09-22T15:19:06","slug":"hype-price-falls-10-as-arthur-hayes-sells-800k-worth-hyperliquid-tokens-to-buy-a-ferrari","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hype-price-falls-10-as-arthur-hayes-sells-800k-worth-hyperliquid-tokens-to-buy-a-ferrari\/","title":{"rendered":"HYPE price falls 10% as Arthur Hayes sells $800k worth Hyperliquid tokens to buy a Ferrari"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid price fell sharply after reports surfaced that Arthur Hayes sold $800,000 worth of tokens to buy a Ferrari. Despite the bearish news, the token remains in a bullish market structure, supported by multiple technical confluences.<\/p>\n<div id=\"cn-block-summary-block_6d47c4eb4f24e420c5700fbf88737281\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li><strong>10% Drop on the day:<\/strong>\u00a0Triggered by Arthur Hayes\u2019 reported token sale.<\/li>\n<li><strong>Fibonacci Rejection:<\/strong>\u00a0$60 level confirmed as key resistance.<\/li>\n<li><strong>Bullish Structure:<\/strong>\u00a0Support retest signals potential continuation higher.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The sudden 10% decline on the day in Hyperliquid\u2019s (HYPE) price came amid speculation around Arthur Hayes selling $800k worth of his position. While the news created a wave of bearish sentiment, technical analysis suggests the correction coincided with a rejection from the Fibonacci extension target near $60.00 Circle introduced native USDC on Hyperliquid\u2019s HyperEVM and invested directly in the network, a move that strengthens the project\u2019s long-term outlook. Price has since found support, confirming a bullish retest of the trend line.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Hyperliquid price key technical points<\/strong>:<\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>10% Decline on the day:<\/strong>\u00a0Triggered by Arthur Hayes\u2019 reported $800k token sale.<\/li>\n<li><strong>Fibonacci Rejection:<\/strong>\u00a0Price rejected at the $60.00 extension level.<\/li>\n<li><strong>Support Retest:<\/strong>\u00a0Value area high and $48.00 resistance remain key.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">HYPEUSDT (2D) Chart, Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>The rejection near $60 was not random; it aligned with the Fibonacci extension target, a region that often triggers profit-taking. The sell-off was amplified by bearish headlines, but the broader market structure remains intact.<\/p>\n<p>Price has since rotated back into a bullish support zone, confirming a retest of trendline support. This level has already produced multiple higher lows, reinforcing the bullish bias. From a structural perspective, the pullback represents another higher low rather than a breakdown.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The key levels to monitor in the coming days are the value area high and the high-time-frame resistance at $49.00. Reclaiming these levels on a closing basis would confirm that bulls remain in control and set up continuation toward $60.00 and beyond.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Need to pay my deposit on the new Rari 849 Testarossa <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/PX7Hx0FuK9\">https:\/\/t.co\/PX7Hx0FuK9<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1969860473186324726?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>While Arthur Hayes\u2019s $800,000 token sale provided the fundamental spark for the move lower, the rejection from $60.00 was already technically justified. This highlights how fundamental catalysts can exaggerate technical setups, accelerating price into key support regions.<\/p>\n<p>Hyperliquid also recently hit an all-time high after a stablecoin launch and fresh institutional backing, underscoring the strength behind its broader trend. Importantly, demand continues to step in at these levels, reinforcing the bullish structure.<\/p>\n<h2 class=\"wp-block-heading\">What to expect in the coming price action<\/h2>\n<p>Hyperliquid remains within a bullish market structure despite short-term volatility. If price continues to hold above the trendline and reclaims $49.00, a rotation back toward $60.00 is likely. The recent sell-off should be viewed less as a structural breakdown and more as a healthy correction within a broader uptrend.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid price fell sharply after reports surfaced that Arthur Hayes sold $800,000 worth of tokens to buy a Ferrari. Despite the bearish news, the token remains in a bullish market&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11423"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11423\/revisions"}],"predecessor-version":[{"id":11424,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11423\/revisions\/11424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10901"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}