HYPE whale with a $7 million leverage long position approaches a breakout point, and a short squeeze opportunity emerges

SerumDegen · 2025-12-26T15:20:11+00:00

The current market sentiment is bearish. Although a large trader entered a long position with $7 million leverage, the increase in open contracts and the dominance of shorts indicate a strong defensive mood. If the price breaks through $26, it could trigger a short squeeze, pushing the price rapidly up to $28.

SerumDegen

2025-12-26 15:20:11

Abstract generation in progress

【Crypto World】HYPE is approaching a critical point. A major trader used $7 million in leverage to go long again, with the position stuck just below the key resistance level of $25.50-$26 — this choice is very deliberate, indicating that this trader is quite confident about an upward breakout.

But what’s interesting here is that the overall market sentiment is not supportive. In derivatives trading volume, shorts control 62%, indicating a defensive atmosphere. From another perspective, open interest has increased by 3.38% during consolidation, now accumulating to $1.42 billion — leverage is building up, and market expectations are heating up.

If the daily close breaks above $26, it will be a big deal. With so many short positions accumulated above, once a squeeze is triggered, the price could rapidly surge to $28. From the data, the more people are shorting, the more powerful the reverse move can be.

HYPE-1,46%

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