$HYPE : Is the bullish positioning getting too crowded?
Market snapshot:
• Price: $88.01
• 24H change: -2.44%
• Open Interest: -3.27%
• Average funding: +0.0203%
Price weakness alongside elevated positive funding deserves attention.
However, falling OI can also indicate position closures, so I want actual downside confirmation.
Entry: $87.57–$87.00 after breakdown
Stop Loss: $88.88
TP1: $85.38
TP2: $84.07
Bias: SHORT.
No breakdown, no trade.
#hyperliquid50x #Hyperliquid #ShortSignal