In the early morning crypto market, it's quite interesting👇

Some are celebrating wildly, others are suffering, and the long and short lists are revealing themselves one by one:

🥊 $HYPE ‌ —— Around 00:50, the long-short ratio suddenly dropped to 0.77, but the number of large accounts holding long positions showed a ratio of 1.12, and Big Brother MaJie doubled down on HYPE longs twice within half an hour, with a total position exceeding $4.17 million. Both sides are betting heavily, waiting for the other to give in first.

🥊 $ZEC ‌ —— At 00:40, “ZEC's biggest short seller” bravely increased their short position by 1,892 coins, with the average price adjusted from 419.20 to 421.39, resulting in an unrealized loss of over $110k. On the other side, ZEC's perpetual trading volume on Hyperliquid surpassed SOL, indicating that funds are clearly flowing into the privacy sector—some are holding on stubbornly, while others regret selling after exiting. This intersection is very typical right now.

🥊 $LAB ‌ —— The 5-minute long-short ratio skyrocketed to 1.52, but after the price pulled back from a high of 2.88, it continued to fluctuate, with a 24-hour increase of over 58%. The bubble behind the frenzy must be watched carefully, as the cost basis is getting heavier.

The crypto market at 3 a.m. — is it a raging bull or the last lively moment before calm? Hard to say for sure, but after seeing these data, at least you can sleep a bit more peacefully.

👇 Share your thoughts in the comments: which coin are you holding now? Knowing your position makes sleep more peaceful.

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