Suspected a16z dumping! $HYPE plunges 10%, breaks below 60—institutions are running, are you still holding the line?
Brothers, HYPE is crashing again today. It was hammered from 66.178 all the way down to 58.438—an almost 10% drop. The current price is 59.614, directly breaking the 60 psychological level. On-chain monitoring shows a suspected a16z-associated address is distributing on a large scale. Today alone it has already sold 105,400 HYPE spot for $6.48 million, at an average price of $61.49. Institutions are running—are you still holding the line?
On the 1-hour chart, it fell from 66.178 to 58.438. The MACD death cross is diverging downward, with short sellers dominating in the short term. After hitting the low at 58.438, it bounced slightly, but the strength is extremely weak—it can’t even hold 60.
The on-chain data is even more alarming—suspected a16z addresses transferred 120,000 HYPE to the execution address in two batches today. Of that, 105,400 has already been sold. The main address still plans to transfer another 100,000 to Bybit, and 90,000 to another trading platform route. Total outflow today: 315,000 HYPE. Currently, the balance on HyperEVM is only 45,100. This entity previously accumulated 687,000 HYPE via more than a dozen addresses during HYPE’s early-June peak, but now it’s starting a large-scale sell-off.
Mig suggests this for both longs and shorts:
Short the bounce—enter short positions around 61 to 61.5; the aggressive can enter directly near the current price around 59. For longs—try after it stabilizes around 55.
Personal view:
Brothers, the suspected a16z address sold over $6 million worth of HYPE today, and another 190,000 HYPE is still en route to trading platform pathways. Top institutions are distributing—what are you waiting for? Don’t be the bag-holder while the institutions are fleeing. Wait until the selling pressure is released, then talk. Follow the trend—don’t fight it.
#Cardano将于7月18日硬分叉升级 #以太坊跌幅两倍于比特币
Brothers, HYPE is crashing again today. It was hammered from 66.178 all the way down to 58.438—an almost 10% drop. The current price is 59.614, directly breaking the 60 psychological level. On-chain monitoring shows a suspected a16z-associated address is distributing on a large scale. Today alone it has already sold 105,400 HYPE spot for $6.48 million, at an average price of $61.49. Institutions are running—are you still holding the line?
On the 1-hour chart, it fell from 66.178 to 58.438. The MACD death cross is diverging downward, with short sellers dominating in the short term. After hitting the low at 58.438, it bounced slightly, but the strength is extremely weak—it can’t even hold 60.
The on-chain data is even more alarming—suspected a16z addresses transferred 120,000 HYPE to the execution address in two batches today. Of that, 105,400 has already been sold. The main address still plans to transfer another 100,000 to Bybit, and 90,000 to another trading platform route. Total outflow today: 315,000 HYPE. Currently, the balance on HyperEVM is only 45,100. This entity previously accumulated 687,000 HYPE via more than a dozen addresses during HYPE’s early-June peak, but now it’s starting a large-scale sell-off.
Mig suggests this for both longs and shorts:
Short the bounce—enter short positions around 61 to 61.5; the aggressive can enter directly near the current price around 59. For longs—try after it stabilizes around 55.
Personal view:
Brothers, the suspected a16z address sold over $6 million worth of HYPE today, and another 190,000 HYPE is still en route to trading platform pathways. Top institutions are distributing—what are you waiting for? Don’t be the bag-holder while the institutions are fleeing. Wait until the selling pressure is released, then talk. Follow the trend—don’t fight it.
#Cardano将于7月18日硬分叉升级 #以太坊跌幅两倍于比特币