Only 36% of buying is aggressive buying. That’s the real hand HYPE has shown in this rebound.
On the afternoon of October 7, HYPE’s price barely clawed its way back from 89.2 to 91.3. On the surface, it looked like the decline had stalled, but a dangerous shift was taking place beneath the surface: whales quietly trimmed their bullish positions from 71.6% to 70.6%, while retail traders’ bullish positions surged from 61.8% to 63.7%.
Whales are pulling out, and retail traders are catching the falling knife. Without big-money support, a rebound propped up by retail traders alone is like water without a source. Don’t be fooled by a market that merely appears to have stabilized—this looks more like distribution taking advantage of the price recovery.
#HYPE
👇
On the afternoon of October 7, HYPE’s price barely clawed its way back from 89.2 to 91.3. On the surface, it looked like the decline had stalled, but a dangerous shift was taking place beneath the surface: whales quietly trimmed their bullish positions from 71.6% to 70.6%, while retail traders’ bullish positions surged from 61.8% to 63.7%.
Whales are pulling out, and retail traders are catching the falling knife. Without big-money support, a rebound propped up by retail traders alone is like water without a source. Don’t be fooled by a market that merely appears to have stabilized—this looks more like distribution taking advantage of the price recovery.
#HYPE
👇
