An address had 11,800 HYPE in long positions (bets on a price rise) liquidated within one hour, with the position valued at $1.06 million, Lookonchain reported. The address still held 47,200 HYPE longs worth $4.24 million, and the remaining position’s new liquidation price was $88.50. HYPE fell below 90 USDT on OKX and was quoted at 89.746 USDT.