$HYPE Good grief, the price scraped around just above the day’s low for almost half a day, and a four-hour bearish candle pressed the bullish one into the ground—these signals are clearly setting up to carry shorts: the contract actively sells more to overwhelm buy volume; the long/short ratio is sprawled on the floor, gasping; in the active order book, buy volume can’t even prop up half the sky. Positions were cut by more than 10%, and the leveraged players themselves stepped on the brakes and put themselves out. The shorts didn’t even bother adding to their position—they only need to let the current price trickle down to the low, and that alone is torture enough to endure. This blade has only just started the chop; there isn’t even a hint of where the bottom is.