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The short sellers just said "top out," HYPE hits a new high the next second: The most ruthless face-slapping scene in the crypto world
If there's a "comedy of the year" in the crypto circle recently, HYPE is definitely a nominee.
Because every day, short sellers passionately post:
"The top is here!"
As a result, within the next hour, the price directly hits a new high.
The comment section is also very honest:
"Teacher, are your short positions okay?"
The most classic part of this market movement is not the increase in price, but the "continuous short squeeze."
Many people are not actively buying in, but are forced to buy back.
What does that mean?
After short sellers suffer losses and get liquidated;
Liquidation essentially means automatic buying;
So the price continues to rise.
This creates a death spiral.
So right now, the biggest bullish force in HYPE is actually the shorts themselves.
How do I see it now?
In the short term, it still leans towards strength.
Because market sentiment hasn't truly receded.
As long as there are people continuously shorting, there is still room to be squeezed.
But the problem is also here:
Once no one dares to short,
The market could become dangerous.
Because what is the biggest fear of a short squeeze?
It's "fuel running out."
When everyone in the market starts to turn bullish, the buying power to absorb sells will weaken.
So I won't blindly shout "moon to 100."
I prefer:
Buy the dips in an upward trend;
Reduce positions during sharp rallies.
Many people always want to make the full wave profit, but the reality is:
Getting 60% of the middle move already surpasses most people.
The most taboo thing is turning profits into losses.
Especially since sentiment in the crypto circle changes extremely fast.
Today, it's "the new king on the chain"; tomorrow, it might turn into "the zeroing legend."
HYPE now looks very much like the hottest gambling table in a casino.
Surrounded by people,
Chips stacking higher and higher,
Everyone thinks they can keep winning.
And at such times, risk often begins to quietly approach.
##HYPE leads the rally again