The market has been so flat lately that it almost makes people fall asleep. Hot spots are becoming shorter and shorter-lived, but some small currencies are secretly gaining momentum.
for example #hype , it has quietly made a wave recently, and the increase has once reached the front row!#下一任美联储主席人选
Is it a short-term trend or the pioneer of a new round of rotation? Let’s talk about it separately👇#美国加征关税

🔍 How is HYPE performing recently?

  • Weekly increase of ~12%, the best performance among the top 20 cryptocurrencies

  • The average daily trading volume of DEX is stable and close to the level in February, indicating that the platform is still popular

  • The number of new users is also growing slowly, indicating that the popularity has a bottom line and is not just hype

In short, no one is selling HYPE and everyone is quite interested in it, but the bulls are suppressed at $39, so we need to pay attention to the volume coordination.

📈 What do you think about the technical side?

From the 4-hour chart:

  • The breakout above $37.25 on the 28th forms a bullish structure

  • Then it hit $39.12 but failed to break through

  • RSI is about 56, slightly neutral to bullish, but buying is not sustained, OBV is stagnant

Therefore, if HYPE bulls can hold the $37–38 support and the trading volume increases, it is expected to challenge the high point of the $44.8 range. However, if the buying is insufficient, it may fall back at any time.

💸 What is the funding side saying?

In the process from $36 to $39, there were more short-term liquidations (both long and short), and the financing rate was also slightly higher.

Open interest rose 4% in the past 24 hours, indicating short-term optimism

Summary: The market is "quietly" looking forward to the next wave of market conditions, but more buying support is needed, and the BTC trend will affect the overall sentiment.

⚖️ What about Bitcoin?

Compared to HYPE, Bitcoin is much more stable

It basically fluctuates around $100K. Although BTC has been trading sideways around this level recently, it is interesting that big investors are quietly adjusting their positions:

🔁 Old OG long-term holders (LTH) continue to sell
🏦 Wall Street institutions and corporate accounts (such as ETFs and funds) are gradually buying
📉 On-chain data shows that "old coins are active and new money is entering the market", which is a classic structural rotation
💬 Capriole founder Charles Edwards said: The current sideways trend is actually a manifestation of "Bitcoin funds changing owners"

According to historical rules, whenever the number of holders of coins for more than 6 months increases sharply (which is the case now), it usually means that the market is brewing a strong upward round.

🎯 Some suggestions

✅HYPE operation point: If the $37-38 support is maintained, there is hope for a surge, but if the volume does not keep up, it may fall back.

✅Influence of BTC atmosphere: If no one moves BTC, the copycat can take advantage of the hot spot to attract some hot money; but a sharp drop or explosive rise in BTC will also drive the overall sentiment.

✅Note that the macro events in July (Federal Reserve interest rate decision, potential approval of SOL ETF) may become the trigger for the market to start

✅Pay attention to the flow of funds: DEX trading volume, OBV, financing rate, OTC buying - these data determine whether the market is real.

📌 Summary in one sentence:

The most important thing for retail investors now is "don't chase highs, don't miss out, and keep an eye on the data." Although HYPE has risen, it is not strong enough and is still accumulating strength. The capital rotation of BTC will affect the overall rhythm. Wait until the buying is stronger before considering heavy positions.

✍️DYOR, do a good job of risk control, and I hope everyone can set sail in the cryptocurrency circle! 🌊

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