$HYPE The large unlock is coming soon, so why is the price rising instead of falling? Is it because there are too many short positions, and the whales want to push the price up to scare the shorts away?

Looking at this market, the short positions and losses are far exceeding the long positions, almost all of the market's shorts are waiting for the unlock to dump the market, but the whales are countering by aggressively pushing the price up based on the unlock expectation, aiming to wipe out all these shorts waiting to be crushed.
Normally, when a major negative event like an unlock occurs, the market would typically dump in advance and then run away. But now, it's the opposite—it's clear they want to use retail investors' fear of the unlock to first blow up the shorts, forcing them to close their positions before the unlock, so they never get the chance to dump. This counterintuitive rally is specifically designed to harvest the shorts waiting for the negative news to land. #Gate广场五月交易分享