$HYPE 81.72, the 24-hour low of 81.70 printed on that last candle just now. What really matters isn't this 3.5% drop, but money flowing in.
Over six hours, the price ground down from 83.27 to 81.72, a 1.86% decline. Meanwhile, open interest increased by more than 66,000 coins, all piled into this drop—not a single one pulled out.
This isn't longs taking losses; it's new shorts piling in, one position at a time. If they were really exiting, open interest would fall.
And yet $BTC is still rising. It's the only one bucking the broader market and moving down.
The floor is 80.88, the low of the four-hour candle on the morning of 11-04. This month, the 81.0–81.5 range has been tested ten times.
Only if it holds above 84.37 will these shorts be forced back.
If it breaks below 80.88, don't stubbornly buy the dip. There's plenty of room below.
The level hasn't broken yet. What's the rush?
I can't say how many of those 66,000 coins are hedge legs in arbitrage trades; the data only gives the number of coins. Are you adding to or reducing your HYPE?
https://fapi.binance.com/fapi/v1/klines?symbol=HYPEUSDT&interval=1h&limit=72
Over six hours, the price ground down from 83.27 to 81.72, a 1.86% decline. Meanwhile, open interest increased by more than 66,000 coins, all piled into this drop—not a single one pulled out.
This isn't longs taking losses; it's new shorts piling in, one position at a time. If they were really exiting, open interest would fall.
And yet $BTC is still rising. It's the only one bucking the broader market and moving down.
The floor is 80.88, the low of the four-hour candle on the morning of 11-04. This month, the 81.0–81.5 range has been tested ten times.
Only if it holds above 84.37 will these shorts be forced back.
If it breaks below 80.88, don't stubbornly buy the dip. There's plenty of room below.
The level hasn't broken yet. What's the rush?
I can't say how many of those 66,000 coins are hedge legs in arbitrage trades; the data only gives the number of coins. Are you adding to or reducing your HYPE?
https://fapi.binance.com/fapi/v1/klines?symbol=HYPEUSDT&interval=1h&limit=72
