When looking at $HYPE , let’s talk not only about the number itself, but also how to read it.
On Binance Spot, from 17:00 to 18:00 on 11/07 (Beijing time), the price fell 0.57% over the hour. Trading volume was 799,800 USDT, 1.21 times that of the previous hour. The closing price for the period was 78.42 USDT.
Token unlock plans and actual selling should be considered separately. Unlocks usually refer to changes in the original restrictions on tokens; they don’t mean those tokens have already been sold. Actual circulation, transfers, and trades are separate subsequent steps, each requiring its own data for confirmation. Public plans may also be subject to specific conditions or changes. Stating that the planned quantity will definitely create sell pressure on a particular day skips over these unverified steps.
When tracking unlocks, record the plan, what actually happens, on-chain movements, and trades separately rather than collapsing them into a single conclusion.
#HYPE #CryptoChatter
On Binance Spot, from 17:00 to 18:00 on 11/07 (Beijing time), the price fell 0.57% over the hour. Trading volume was 799,800 USDT, 1.21 times that of the previous hour. The closing price for the period was 78.42 USDT.
Token unlock plans and actual selling should be considered separately. Unlocks usually refer to changes in the original restrictions on tokens; they don’t mean those tokens have already been sold. Actual circulation, transfers, and trades are separate subsequent steps, each requiring its own data for confirmation. Public plans may also be subject to specific conditions or changes. Stating that the planned quantity will definitely create sell pressure on a particular day skips over these unverified steps.
When tracking unlocks, record the plan, what actually happens, on-chain movements, and trades separately rather than collapsing them into a single conclusion.
#HYPE #CryptoChatter