$HYPE Singing the bearish view from this position is equivalent to throwing the chips away for nothing. The direction of the actively driven market has been clearly laid out—bullish. On the contract side, the active long-to-short ratio has been thrown off from the usual 1:1; the buyer’s volume overwhelms the seller’s by a noticeable margin. In the short term, trading activity is also suddenly sparked. These small amounts of buy-into-support from the shorts can’t possibly be absorbed. The four-hour bullish pillars have pushed the shorts down to a 2-to-1 ratio; the seven-day gain is nearly half a percent and it’s still pushing forward. This pullback doesn’t even grant you room—so the shorts can only watch the price and do nothing.