$HYPE Trading account liquidation abnormalities and imbalance have appeared.

Blave’s liquidation map shows that there are clearly defined high-density liquidation areas both above and below the current price. At the same time, according to the liquidation change chart, the recent newly added liquidation OI ratio has shown an imbalance, indicating that liquidation pressure on both the long and short sides above and below the current price is accumulating. The lower liquidation high-density area is $54.9503–$55.2254 (4.48).

This will prompt market makers to begin liquidating positions—watch out for the risk of a short squeeze / long liquidation cascade.

Data from blave.org; not investment advice.

#HYPE #Liquidation #Liquidation Map