$HYPE Bearish overall. On-chain activity doesn’t look right—possibly suggesting that a16z’s position may be retreating. In a single day, they pulled in more than 400,000 coins, and they even split it up and sent it into multiple exchanges. The institution is moving liquidity to exchanges, which makes the intention to sell look fairly clear. The market has already dropped by almost 10%, and if retail investors start panicking and following suit, the market at this level could continue to weaken. You can look for short opportunities in line with this move, but don’t chase too aggressively—watch the risks.