📉 HYPE Has Cooled Off — Now Traders Are Watching the Reaction Coindoo reports that Hyperliquid ($HYPE ) has fallen around 20% from its recent highs after an impressive rally. 🚨 📌 What's behind the move? 🔹 Profit-taking after weeks of strong gains. 🔹 Lower trading activity across the market. 🔹 Declining open interest, suggesting leveraged positions are being closed rather than new ones opening. 👀 What comes next? 📈 If trading volume starts recovering while price stabilizes, it could signal buyers are stepping back in. 📉 If selling pressure increases alongside higher volume, the correction may continue. 🌍 The bigger picture For now, $HYPE looks like it's going through a reset rather than confirming a long-term trend reversal. As always, the direction of $BTC will likely play a major role in whether capital flows back into higher-risk assets or stays on the sidelines. Not financial advice. Always DYOR. 🔍 #BTC Price Analysis# #HYPE #Macro Insights#