$HYPE Under the high level of open interest of $13 billion, in the densely traded area around $94, there is a layered suppression of short orders totaling $42.22 million split off in batches.

Profitable longs flipping to short, combined with loss-making shorts adding positions, prompt large capital to build a grid-like resistance structure within the $80 to $104 range.

If the buy orders with volume manage to hold above $94 and break through the placed orders upward, it will trigger a short squeeze and open up room for prices above $104.

If the market fails to find sufficient support below $94 and breaks down through $80, then the structural pattern of high-level consolidation faces a downside breakdown.

When price effectively breaks above $104 or falls below the $75.92 cost level, the current structure in which longs and shorts are in balance will be disrupted.

In the next 24 hours, can the core observation around $94 completely absorb the selling pressure from this batch of 509 split orders?