HYPE is grinding sideways at $44.77, and the market fear index has directly jumped to 23, with extreme fear already indicating everything. Most retail investors are watching on the sidelines at this time, but smart money often builds positions during such bloody periods.

Yesterday, I saw several big addresses quietly start accumulating again, with a 24-hour trading volume of 352 million, which is still healthy. Although it only increased by 0.41%, being able to stay stable under this market sentiment is already good.
The high point of $45.67 is being suppressed, and the low point of $44.21 is also holding up reasonably well.
Honestly, right now this position feels a bit like waiting for a catalyst. Either a positive news event will trigger a rally, or it will continue to grind within this range until everyone loses patience.
But looking at the funding rate, BTC remains neutral, with no extreme sentiment, indicating that institutional funds are still observing.
I think HYPE’s current position is quite interesting, neither clearly at the bottom nor at the top.
At such times, it’s a test of holding mentality. If you believe in the project’s long-term value, this oscillation period is a good time to gradually add to your position.
If you just want to trade in and out quickly, then you might need to wait for more definitive signals.
Anyway, I’m not in a hurry; good projects will always be rediscovered eventually.