$HYPE has always been saying: rebound and go short, rebound and add to the short.

Yesterday’s rally was because Ethereum’s rise boosted the leading altcoin. No matter how it rallies, Brother Sanjin is still firmly short.

First, the institution (Bitwise) has begun steadily selling HYPE. Today alone it sold 117.9k tokens.
On top of that, on July 30, 3.3 million HYPE tokens will be unlocked—at that time, selling pressure will be extremely strong, and there’s always the risk of sell-offs. The HYPE spot ETF is still seeing outflows and has not yet had any net inflow. In the short term, there will be no positive inflow because the main players are currently liquidating inventory. Those who chase longs are just “cabbage” (retail traders).

#以太坊逼近2000美元 #长鑫存储科创板IPO募资579亿元 $ETH