HYPE weakens despite $648.6K Dragonfly withdrawal; inflows and $28 rejection weigh

Dragonfly Capital withdrew 25,989.71 HYPE worth about $648.6K from Bybit, but prices continued to soften. CoinGlass shows spot flows flipping from $1.62M net outflows to a +$538.75K net inflow, and HYPE's failure at $28 with fragile $25 support underscores seller control. Derivatives signals add caution: Open Interest fell 7.91% to $1.31 billion, while liquidations skew long-side with minimal short stress.