$HYPE rose 8.2% in the past hour, with volume reaching 3.1 times the average, while futures open interest is falling.
Rising volume without rising open interest means this isn’t fresh money entering the market—it’s shorts being forced to close. Price is now hovering near resistance at 85.95, and buyers haven’t stepped in.
I’m bearish. Rallies driven by short covering like this don’t go far. Seed-tagged coins move fast in both directions, so don’t get carried away just because you see a green candle.
Give it a day: which comes first, 95.25 or 80.21? I’m betting on 80.21. If you think it can break above 85.95, come challenge me—we’ll check back tomorrow.
#合约持仓 #DeFi
Rising volume without rising open interest means this isn’t fresh money entering the market—it’s shorts being forced to close. Price is now hovering near resistance at 85.95, and buyers haven’t stepped in.
I’m bearish. Rallies driven by short covering like this don’t go far. Seed-tagged coins move fast in both directions, so don’t get carried away just because you see a green candle.
Give it a day: which comes first, 95.25 or 80.21? I’m betting on 80.21. If you think it can break above 85.95, come challenge me—we’ll check back tomorrow.
#合约持仓 #DeFi
