HYPE Spot Orders on Hyperliquid Show Shift from Buying to Selling

On May 26, a shift in the direction of HYPE spot TWAP (Time-Weighted Average Price) orders on Hyperliquid was detected. According to BlockBeats On-chain Detection, the orders have transitioned from being predominantly buy orders to sell orders. Some of these orders have already been partially executed. It is estimated that within the next 24 hours, the net selling pressure of HYPE's TWAP will reach $900,000. Last Thursday and Friday, similar data indicated a net buying pressure of approximately $7 million. Among the existing orders, the largest single sell order is from address 0x519c, which plans to sell about 48,000 HYPE tokens. More than half of this order has already been executed, and the address still holds 77,200 HYPE tokens. Address: 0x519c721de735f7c9e6146d167852e60d60496a47