⚠️$HYPE could be heading for a sharp correction.
HYPE is trading around $92–93, just ~5% below its $97.96 ATH. Meanwhile, around 9.92M HYPE (~$860M) is expected to unlock on Oct. 6, equal to roughly 3.9–4.5% of circulating supply.
With ~$88.6B FDV vs. ~$20.6B market cap, future supply remains a major concern.
Hyperliquid’s Open Interest has reached $14.3B, showing heavy leverage. If support breaks, long liquidations could accelerate the sell-off.
🎯 Near ATH + high leverage + major unlock = correction risk.
#HYPE #Hyperliquid
HYPE is trading around $92–93, just ~5% below its $97.96 ATH. Meanwhile, around 9.92M HYPE (~$860M) is expected to unlock on Oct. 6, equal to roughly 3.9–4.5% of circulating supply.
With ~$88.6B FDV vs. ~$20.6B market cap, future supply remains a major concern.
Hyperliquid’s Open Interest has reached $14.3B, showing heavy leverage. If support breaks, long liquidations could accelerate the sell-off.
🎯 Near ATH + high leverage + major unlock = correction risk.
#HYPE #Hyperliquid
