Two suspected a16z-linked wallets transferred nearly $59 million worth of HYPE to multiple exchanges over two consecutive days, while the coin price during the same period has already retraced by about 12%.
If the report is true, what’s really worth paying attention to isn’t whether the institutions are selling—it’s whether the market has the capacity to absorb these coins.
In a bull market, sell orders aren’t scary.
What’s scary is when the market can’t absorb the sell orders.
Do you think this HYPE move is just a normal shakeout, or that institutions are starting to cash out profits?
If the report is true, what’s really worth paying attention to isn’t whether the institutions are selling—it’s whether the market has the capacity to absorb these coins.
In a bull market, sell orders aren’t scary.
What’s scary is when the market can’t absorb the sell orders.
Do you think this HYPE move is just a normal shakeout, or that institutions are starting to cash out profits?