The continuous downward trend of $HYPE has reached its lowest point in 6 months. Trend Perp Dex is gradually losing its position.
The price of HYPE continues to plummet, today hitting $22.30 – the lowest level since May. Many large whales have been liquidated, with some wallets recording losses exceeding $22.5M, and the liquidation price nearing $20.66. The long/short ratio of 0.91 indicates that the short side is clearly dominant.
Not just HYPE, the entire Perp DEX sector is also under significant pressure. Leading platforms like Hyperliquid are beginning to face a phase of cleansing & survival competition, and cash flow has become more cautious.
The community has shifted to panic, with discussions surging due to the unrealized value of reward points being eroded. Many funds have to continuously add margin, causing risk appetite to sharply decrease. Some investors choose to stay on the sidelines, prioritizing risk management.
Trading perspective:
- The HYPE structure has clearly weakened after losing the $27 mark.
👉 $21 is the next important support zone.
If it breaks below $21, the risk of a deeper decline needs to be considered. The appropriate strategy currently is to follow the trend or observe, minimizing early bottom-fishing.
👉 In your opinion, will HYPE hold the $21 zone or will Perp DEX see another round of "cleansing"?
The price of HYPE continues to plummet, today hitting $22.30 – the lowest level since May. Many large whales have been liquidated, with some wallets recording losses exceeding $22.5M, and the liquidation price nearing $20.66. The long/short ratio of 0.91 indicates that the short side is clearly dominant.
Not just HYPE, the entire Perp DEX sector is also under significant pressure. Leading platforms like Hyperliquid are beginning to face a phase of cleansing & survival competition, and cash flow has become more cautious.
The community has shifted to panic, with discussions surging due to the unrealized value of reward points being eroded. Many funds have to continuously add margin, causing risk appetite to sharply decrease. Some investors choose to stay on the sidelines, prioritizing risk management.
Trading perspective:
- The HYPE structure has clearly weakened after losing the $27 mark.
👉 $21 is the next important support zone.
If it breaks below $21, the risk of a deeper decline needs to be considered. The appropriate strategy currently is to follow the trend or observe, minimizing early bottom-fishing.
👉 In your opinion, will HYPE hold the $21 zone or will Perp DEX see another round of "cleansing"?
