HYPE suddenly reveals a "140 million dead short"! Loracle keeps falling and staying bearish, what exactly is he waiting for?

The most dramatic part of this round of HYPE isn't the rise, but that someone dares to keep shorting during the craziest time on the entire internet. This whale, Loracle, has been opening shorts since April, like someone standing in front of a high-speed train. The question is: is he truly crazy, or has he seen something retail investors can't see?

Many believe that a whale's short position equals a market crash. In reality, the market has never been that simple. Especially for high-profile, highly emotional, high-leverage coins like HYPE, its movement is often not "logic-driven," but "position-driven."

The most critical data now isn't the amount of short positions, but whether the shorts have been forced to cover. Loracle has been gradually closing his positions, raising the average price from 41 to around 42.5, indicating he's not giving up but is passively averaging down. In other words, he hasn't exploded yet, but he's already starting to resist strongly.

The problem is, now the market knows his position.

If HYPE continues to surge higher, the only thing the entire market wants to do is: hunt the whale.

Because forcing this $140 million short to be liquidated would mean a surge of super short covering fuel. Many project teams, market makers, and speculators love this kind of "obvious whale."

So, HYPE is likely to enter an extreme volatility phase:
- During the day, bad news floods in;
- Suddenly, violent price surges at night;
- Shorts add positions, and the price immediately dips;
- Retail investors chase longs, then the price crashes back down.

This isn't technical analysis; it's a "war around the whale's position."

My judgment is:
Before the end of May, HYPE is most likely to hit the $68–$72 range.

The reason is simple:
The market won't let go of the $140 million short.

Especially in a bull market, the biggest fuel is never good news but "liquidation."

So in the coming days, you'll see a very surreal phenomenon:
The more people call for a crash, the easier HYPE is to rally.
The more people think it should fall, the more the main players want to force a squeeze.

Of course, the risks are also very high.
If HYPE can't break through $65 and instead starts to consolidate with decreasing volume, Loracle might become the real big winner. Because sideways movement at high levels is the easiest way to grind longs to death.

But from an emotional cycle perspective, the market clearly hasn't entered despair yet; instead, it looks more like a "nationwide hunt for shorts" scenario.

And in the crypto world, the most dangerous thing is never doing the wrong thing.
It's being targeted by everyone.