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$HYPE Surges to a new high of $63, with both bulls and bears directly engaging in a head-to-head showdown among massive whales.
One side, the whales going long with floating profits reaching $33.3 million, while the other side, Loracle's short positions, are also in floating losses exceeding $31.4 million, with the two giants directly clashing, refusing to give an inch.
As long as the market slightly reverses, regardless of which side gets liquidated, it will trigger a chain reaction, either triggering a short squeeze or causing a collapse of the longs.
The current HYPE is no longer just about the price of the coin rising, but a final showdown between the two giants.
Whoever can't hold on first will be the next fuel for the market.