💥$HYPE Straight down from the high to 55—will you dare to catch this knife?

Institution Bitwise again dumped 117.9k HYPE today, moving faster than anyone else—are you still chasing more? They’re selling, you’re buying. Who’s really the bagholder? No need to say more, right!
Bitwise’s selling pressure hasn’t stopped. On July 30, there are 3.3 million more unlocked tokens set to dump on the market. Spot ETFs continue to see outflows; not a cent of incremental capital has shown up. The main force is clearly cashing out. If you keep chasing longs now, you’re basically helping others carry the sedan. Don’t expect big money to enter in the short term, because the “big player” hasn’t sold enough yet.

HYPE is at a critical crossroads right now: either 55 holds and you get a bounce, or it turns into a waterfall and drops to 50!

For a short-term trading idea: if price stabilizes near 55 with rising volume, try a long with a small position; target 57-58. If 55 is effectively broken down, follow the short and look for 52-50.

Brothers, what do you think? Is 55 a golden pit, or a new trap?

【The views above are for personal reference only and do not constitute investment advice】
#长鑫开盘跌7.7%