Continuing from the previous post: Why is $HYPE bearish in the short term?
A few additional points:
① At the moment, no matter how great a project is, once it gets listed for spot trading on Binance, that’s likely its short-term peak. Once spot trading goes live, the market becomes much more crowded. On top of that, people take profits and close positions after the good news is priced in, leading to selling pressure.
② Institutional redemptions: [continued weakness in ETF fund flows is curbing spot accumulation]
③ Whales are leading the short-term bearish trend.
#hype
A few additional points:
① At the moment, no matter how great a project is, once it gets listed for spot trading on Binance, that’s likely its short-term peak. Once spot trading goes live, the market becomes much more crowded. On top of that, people take profits and close positions after the good news is priced in, leading to selling pressure.
② Institutional redemptions: [continued weakness in ETF fund flows is curbing spot accumulation]
③ Whales are leading the short-term bearish trend.
#hype