Six Addresses Held $11.3 Million in Hyperliquid (HYPE) Bids Below Market

Six addresses held 204 buy orders for about 150,100 Hyperliquid (HYPE), totaling roughly $11.319 million at their bid prices below a $78.95 market quote in an Oct. 20 snapshot.

The orders were priced from $74.165 to $77.521, putting them 1.8% to 6.1% below the quote at the time. They were pending bids, not completed purchases.

Five of the addresses were regular accounts and one was a strategy vault. The largest group of orders, worth about $3.261 million, belonged to an account with an existing HYPE long position and spanned $74.75 to $77.521. If filled, those orders would add to that position.

An account with no HYPE position had about $3.1 million in bids at $75.75. Two other accounts, each holding just 0.01 HYPE, had a combined $2.813 million in bids at $74.22 and $75.26. The timing and amount ratios of orders from those two accounts were closely synchronized.

The strategy vault, which had an existing HYPE long position, held about $1.026 million in orders between $76 and $77.50. A separate account with no HYPE position had about $1.118 million in bids from $74.165 to $74.959. The bids would create or increase positions only if they were filled.