200k HYPE tokens crush market sentiment! On-chain "selling pressure ghosts" are dominating the trend

What is the biggest horror story in the HYPE market recently?
Not zeroing out.
But:
"That address sold again."
After the BIT-related wallet continued to sell HYPE, the market has formed a conditioned reflex.
As soon as the on-chain balance moves,
the community immediately becomes tense.
In fact, many people now, before sleeping,
the first thing they do is not look at the K-line.
It's to check the wallet monitoring robot.
What does this indicate?
It shows that the market has been controlled by "continuous selling pressure expectations."
And the scariest thing in the crypto world has never been bad news.
It's the unknown.
Everyone doesn't know how many chips the other side still has,
doesn't know when it will stop,
and doesn't know if it will continue to dump.
So the market automatically reduces risk appetite.
Buyers become more timid,
and bears become bolder.
Eventually forming a typical negative cycle.
The most interesting thing is.
In the past, project teams feared "on-chain transparency."
Now everyone suddenly realizes:
Transparency can sometimes be more frightening.
Because you can see in real-time how others are selling to you.
The entire market feels like a large public execution scene.
And the core issue with HYPE now is not the ecosystem.
It's the speed of confidence recovery.
As long as the market still believes:
"There are still supplies above."
The price will be hard to truly start.
But on the other hand,
many veteran traders are actually starting to get excited.
Because they know:
When the continuous selling pressure ends,
that's often when a real big trend begins.
So now, the HYPE market is very much like a spring.
The harder it's compressed,
the more it might rebound fiercely in the future.
But in the short term,
the sentiment is clearly still at a freezing point.
And the phase at the freezing point often is not a crash,
but a shakeout. #Gate广场五月交易分享