Hyperliquid (HYPE) is down 2% at press time on Thursday, trimming its 5% gains from the previous day. Institutional demand is easing, with $5 million in outflows on Wednesday, weighing on near-term investors’ sentiment. The technical outlook for HYPE indicates a near-term mixed tone as the price remains capped below $90.
Muted institutional activity weighs on Hyperliquid
Hyperliquid shows early signs of easing institutional demand. HYPE-focused Exchange Traded Funds (ETFs) recorded $5.03 million in outflows on Wednesday after two consecutive days of zero inflows earlier this week. This outflow suggests a shift in institutional activity from last week’s $9.25 million in inflows. In addition, the HYPE ETFs recorded $6.86 million in outflows in September, reinforcing the easing demand from institutional investors.
HYPE ETFs data. Source: Sosovalue
