$22M unrealized loss for Hyperliquid whale as HYPE rallies near record highs, warning of a potential 20% pullback.

Current prices: $BTC +0% 24h, $ETH +0% 24h, $BNB +0% 24h, $SOL +0% 24h.

HYPE's rally is flashing exhaustion near its record-high resistance, raising the risk of a pullback, Hyperliquid whale's short position remains open, and the coin's price is nearing a critical level.

The whale's refusal to close the short position despite significant losses is a bearish signal, and the coin's technicals are weakening.

Support at $51.5, Resistance at $65.

Bearish signal, target $45.

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