$BTC Shorts have been pretty aggressive over the past 24h, leaving behind $2.5B in potential short liquidations. The largest cluster currently sits just above 78K, making it a likely target for a liquidity sweep.

$BTC 82000 has 2.5 billion dollars in short positions that are about to be liquidated. The intensity is actually nearly double that of the long positions, and they still want to keep pumping it up! The current price is only 4,000 points away from 82,000. With just one piece of news, it can surge upward!$ETH

#HYPEContinuesToHitAll-TimeHighs HYPE AT RECORD HIGHS — NOW SUPPLY BECOMES THE REAL TEST Hyperliquid's HYPE token has entered price-discovery territory after pushing toward the $84–$85 region and continuing to print fresh all-time highs. The momentum is undeniable. But after a rally of more than 220% year-to-date, the market is no longer asking whether HYPE can move higher. The more important question is: CAN BUYERS ABSORB NEW SUPPLY WITHOUT BREAKING THE TREND? That is the key test for HYPE now. TECHNICAL STRUCTURE HYPE remains positioned above its major trend indicators, keeping the broader short-term structure constructive. 9-Period MA: approximately $80.55 50-Period MA: approximately $62.62 Bollinger Middle Band: approximately $69 Upper Bollinger Band: approximately $91.90 RSI: approximately 69.8 MACD: Positive Among these levels, $80.55 is the immediate pivot I am watching. If HYPE continues defending this area, buyers retain short-term control. A sustained move above the recent record zone could then bring $90 and the $91.90 upper Bollinger area into focus. But technical strength is only one side of this setup. THE SUPPLY TEST Approximately 14.2 million HYPE tokens are scheduled for an August 29 unlock. That creates a potentially significant increase in available supply at a time when the token has already experienced an extraordinary rally. An unlock itself is not automatically bearish. The market can absorb new tokens if demand remains strong. In fact, the reaction after the unlock may tell us more than the unlock itself. If millions of additional tokens enter circulation and HYPE still holds its key support, that would demonstrate substantial underlying demand. If heavy selling appears and support collapses, short-term momentum could weaken quickly. MOMENTUM VS SUPPLY The current setup can be viewed through two opposing forces. BULLISH FACTORS: Fresh all-time highs Strong year-to-date performance Positive MACD momentum Price above major moving averages Growing attention around Hyperliquid Potential ecosystem-driven demand Buyback-and-burn dynamics BEARISH PRESSURES: Large token unlock Elevated valuation RSI approaching overbought territory Potential profit-taking Higher volatility after a vertical rally The winner between these forces could determine HYPE's next major move. BULLISH ROADMAP The strongest scenario would be HYPE holding the $80–$81 region through the supply event. If buyers defend that zone and reclaim the recent highs, the next levels on my radar would be: $85 → $90 → $91.90 A convincing breakout above the $90–$91.90 area with strong volume would indicate that the market has successfully absorbed the additional supply. That could transform the previous breakout zone into a new support area. BEARISH ROADMAP The risk increases if HYPE loses $80.55 with strong selling pressure. In that situation, I would monitor: $69 → $62.62 The $69 region represents the Bollinger middle band and could become an important reset area after the extended rally. A deeper move toward $62.62 would suggest that the short-term trend has deteriorated considerably. These are not guaranteed targets. They are simply the major zones to monitor if momentum breaks. BITCOIN STILL MATTERS HYPE should not be analyzed independently from the broader crypto market. Bitcoin remains the market's primary liquidity driver. If BTC maintains strength, high-beta assets such as HYPE can continue benefiting from risk appetite. But a sharp Bitcoin reversal can create much larger downside volatility in high-beta tokens. That makes BTC direction, HYPE volume and leverage particularly important over the next few sessions. THE SIGNALS I AM WATCHING 1. HYPE holding $80.55. 2. Price reaction after the token unlock. 3. Spot volume during any breakout or breakdown. 4. BTC's direction and market liquidity. 5. Open interest and leverage. 6. Whether new supply is absorbed or distributed. 7. Continued ecosystem activity and buyback-and-burn dynamics. THE REAL CONFIRMATION HYPE has already proved that buyers can push the token into record territory. Now the market needs to prove something more difficult: CAN DEMAND STAY STRONG WHEN SUPPLY INCREASES? That is the real test. My current map is straightforward: $80.55 = Immediate Trend Pivot $85 = Momentum Confirmation $90–$91.90 = Major Upside Test $69 = First Major Support $62.62 = Deeper Trend Support The ideal bullish sequence is: HOLD → ABSORB SUPPLY → RECLAIM HIGHS → BREAKOUT → EXPANSION If HYPE completes that sequence, the token could remain one of the strongest momentum stories in the market. But if the unlock triggers aggressive distribution, even a powerful uptrend can enter a consolidation or correction phase. New all-time highs create attention. Strong demand creates sustainability. The next few sessions will reveal which one HYPE actually has. I am watching the reaction, not chasing the headline. This is market analysis for educational purposes, not financial advice. Always verify live data and manage risk independently. $HYPE $BTC ‌ ‌ #HYPEContinuesToHitA #Hyperliquid #Crypto. [@Gate_Square](gt://mention/UlVAVVpbAwsO0O0O)