Brothers standing guard at the top of the mountain, wake up! $HYPE The multi-head feast has ended, and the main rally by the bears has just begun!

After a tenfold increase, don’t talk about faith anymore. Those standing on the peak now are not warriors, but bagholders.

Monthly unlock + core contributors cashing out ≈ enormous selling pressure!
On June 6th, a core contributor token unlock worth about $690 million was just completed, with over 61% of the total supply still locked. Every month, new chips are thrown into the market—this kind of "dull knife cutting meat" supply release is not background noise; it’s real cash selling pressure. No one knows how contributors will handle their tokens after unlocking, but historical experience tells us, who would hold and not sell?

Technical indicators are flashing red across the board, $60 is the death ceiling!
Ali Martinez clearly warns that the TD Sequential sell signal + RSI overbought overheating are triggered simultaneously. Every time this combination appears in history, it results in a sharp correction. HYPE is currently struggling below the resistance zone of $59-60. Once momentum weakens, the pullback target is directly at the $40 area. Looking at the current chart, after being blocked at around $65 and falling back, it has been sideways in the $57-59 range for several days, clearly showing signs of upward weakness.

Market sentiment has quietly changed!
On the Hyperliquid platform, the overall whale long-short ratio has fallen below 1. Short positions exceed long positions, with a net profit of $173 million from shorts, while longs are at a net loss of $212 million. Derivatives traders’ sentiment has shifted—think about it carefully.

Migu long-short dual operation suggestions:
Short near the $57.5-59 range;
Long near the $54-53.5 range.

The deadly sign of the triple top—these three reasons together, if you’re still long, I really have to call you a "warrior"! Brothers, this is not a correction; it’s a trend reversal!

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