The HYPE game – Why this token’s next move could shock the market!
The post The HYPE game – Why this token’s next move could shock the market! appeared on BitcoinEthereumNews.com. HYPE faces a major supply wall with shorts positioning for a reversal SUI lost its 11th spot as HYPE added $6.86 billion in market cap within a month It looks like Hyperliquid [HYPE] is on a tear right now, pulling in capital from just about everywhere. However, according to AMBCrypto, with a 110% month-over-month ROI, this move isn’t just explosive. Instead, it’s strategic. Sui [SUI] has become the latest casualty, losing its 11th spot in market cap to HYPE, with the latter adding a staggering $6.86 billion in valuation over the past month alone. For perspective, that’s roughly equivalent to PEPE’s entire market cap. Now, HYPE may be tapping into a major supply wall. Opportunistic shorts are loading up, eyeing a reversal. Hence, the question – Will the short pressure cool things down or could it instead spark the next explosive leg up? Betting against the trend – Smart move or risky bet? Coinglass data (4H) revealed that 60.7% of accounts across exchanges have been betting bearish. In other words, shorts may be circling. That fits right into AMBCrypto’s take. With HYPE just 4.44% from a fresh all-time high, traders are jumping in, smelling a classic reversal setup. Technically speaking, this move might feel like textbook timing. And, the warning signs are flashing too. At the time of writing, HYPE’s RSI was hovering at 85, screaming “overbought.” All while the price already slipped 2.58% intraday, tapping a low of $37.53. Source: TradingView (HYPE/USDT) Now, that’s the kind of heat that invites short interest, and maybe even sparks some profit-taking. Case in point? A once-dormant whale just made a power move. According to Lookonchain, the wallet scooped up 1.45 million HYPE between 7 December 2024 and 9 January 2025, at an average cost basis of $18.39 – Totaling a $26.58 million…
The post The HYPE game – Why this token’s next move could shock the market! appeared on BitcoinEthereumNews.com.
HYPE faces a major supply wall with shorts positioning for a reversal SUI lost its 11th spot as HYPE added $6.86 billion in market cap within a month It looks like Hyperliquid [HYPE] is on a tear right now, pulling in capital from just about everywhere. However, according to AMBCrypto, with a 110% month-over-month ROI, this move isn’t just explosive. Instead, it’s strategic. Sui [SUI] has become the latest casualty, losing its 11th spot in market cap to HYPE, with the latter adding a staggering $6.86 billion in valuation over the past month alone. For perspective, that’s roughly equivalent to PEPE’s entire market cap. Now, HYPE may be tapping into a major supply wall. Opportunistic shorts are loading up, eyeing a reversal. Hence, the question – Will the short pressure cool things down or could it instead spark the next explosive leg up? Betting against the trend – Smart move or risky bet? Coinglass data (4H) revealed that 60.7% of accounts across exchanges have been betting bearish. In other words, shorts may be circling. That fits right into AMBCrypto’s take. With HYPE just 4.44% from a fresh all-time high, traders are jumping in, smelling a classic reversal setup. Technically speaking, this move might feel like textbook timing. And, the warning signs are flashing too. At the time of writing, HYPE’s RSI was hovering at 85, screaming “overbought.” All while the price already slipped 2.58% intraday, tapping a low of $37.53. Source: TradingView (HYPE/USDT) Now, that’s the kind of heat that invites short interest, and maybe even sparks some profit-taking. Case in point? A once-dormant whale just made a power move. According to Lookonchain, the wallet scooped up 1.45 million HYPE between 7 December 2024 and 9 January 2025, at an average cost basis of $18.39 – Totaling a $26.58 million…
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