HYPE bears are being "carried away overnight"! Someone just opened a short position, and the next second, they are providing liquidity directly.

This wave of HYPE's rise no longer looks like a normal pump, but more like a "clearing plan for the air force." Many people see it has increased 134% this year, and their first reaction isn't "it can still go up," but "this must be the top." As soon as they place a short, the candlestick chart immediately shows a rocket launch, and before the bears can even screenshot and post on social media, they receive a liquidation alert.

The question is: can we chase now?

Many think that after such a rise, chasing would be "buying at a high." But the cruelest part of the market is— the more people think it's high, the easier it is to keep going higher. Because what truly drives the market isn't "cheapness," but emotion, liquidity, and trend.

The current HYPE has entered a typical "emotion acceleration phase." What does that mean? It means retail investors start hesitating, veteran traders begin wildly showcasing their gains, and the community starts saying "100 dollars is just the beginning." This stage is the most dangerous and the craziest.

What’s my personal view?

In the short term, I lean bullish, but I won't go all-in blindly.

The reason is simple: bears have been repeatedly educated, and the market is beginning to form an inertia of "as long as there's a pullback, someone will buy." Doing short at this time is like posing for a selfie in front of a speeding train.

But I also won't heavily chase at this position. Because after an emotional climax, there’s often intense shakeouts. You think it’s just a 5% pullback, but it gives you a 20% deep dip, shaking out all the chasing longs, then continues to rise.

So my strategy is:

Small positions follow the trend;
Don’t chase after big green candles;
Wait for sharp dips to add in batches.

Many people trading crypto act like dating—once they get excited, they go "all in." But the market isn’t a partner; it won’t pamper you, it will only teach you a lesson.

The biggest highlight of this HYPE isn’t how much it has risen, but that it has completely changed the market style.

In the past, everyone focused on fundamentals, sectors, and valuations; now everyone is only researching one thing:

"Who will be liquidated today?"

And HYPE has obviously become the "designated crematorium for the air force."