HYPE surges violently by 72! Whale unrealized profit $46 million, yet the liquidation map shows a "long graveyard" — chase the rise or escape the top?

Opinion: Risk spikes above 72; chasing longs is like licking blood on a knife edge; the safe zone for a second entry is around $68.

Whale unrealized profits hide a deadly trap
The largest on-chain long position with 5x leverage has unrealized profit of $46 million, return rate 432%; under the "insider" label, profit-taking could backfire at any time, becoming the strongest ammunition for shorts.

Liquidation structure squeezes from both sides
Data shows that 72–76 has accumulated a large number of underwater long orders; every step upward brings deleveraging selling pressure; $60 shorts are also underwater, and a double liquidation of longs and shorts is imminent.

Technical strong resistance and retracement expectation
Currently at 71.99, approaching the heavy resistance zone of 74-75, support at 68.3/67, moving average slope weakening, probability of short-term retracement greatly increased.

Wan Ge's Trading Advice
Never chase longs above 72; patiently wait for a retrace to around 70.5 to stabilize, then try a small long position; avoid shorts for now, trend not broken. Key monitoring: if open interest shrinks and price stagnates, it's a sign of long retreat.

The market changes rapidly; keep tracking and analyzing the gain/loss of key levels and whale movements.

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