$NEAR $HYPE
ARTHUR HAYES THREW IN THE TOWEL ON ALTS: LIQUIDATED HYPE AND NEAR.
๐ฐ The co-founder of BitMEX and CIO of Maelstrom sold off the whole bag on June 4: 247,334 HYPE for $18M + NEAR without revealing how much.
๐ The move stung.
- HYPE deflated from ATH $75.50 and is now seeking support around $64โ$60.
- NEAR ate a double-digit red candlestick.
๐จโ๐ป The community is left staring at the ceiling because just days ago, Hayes was throwing out a target of $150 for HYPE and betting 100k that it would outperform any top 10 asset.
But the argument isnโt that โHYPE/NEAR are broken.โ Itโs macro, cold, and without drama:
๐น๏ธ High energy prices due to the Iran war โ a brake on risk assets.
๐น๏ธ Giant AI IPOs โ OpenAI, Anthropic, SpaceX soaking up institutional liquidity that could have gone to alts.
๐น๏ธ Trump turning anti-AI ahead of midterms โ more regulatory noise in tech.
๐น๏ธ Market ceiling between now and September โ risk/reward ratio no longer adds up for high beta alts.
๐น๏ธ Taking profits and thatโs it โ HYPE was coming off all-time highs at $75, and prefers to chill on vacation without exposure.
๐ The fundamentals of Hyperliquid and NEAR remain intact. The structural volume hasnโt broken. This is risk management from a big fund, not capitulation.
Are we looking at a deeper cut in alts if the macro doesnโt ease up or did Hayes get ahead of the curve and leave cash to buy back lower?
#hype #Near #crypto #TrendingTopic #TradingCommunity
TRADE HERE ๐๐ผ
ARTHUR HAYES THREW IN THE TOWEL ON ALTS: LIQUIDATED HYPE AND NEAR.
๐ฐ The co-founder of BitMEX and CIO of Maelstrom sold off the whole bag on June 4: 247,334 HYPE for $18M + NEAR without revealing how much.
๐ The move stung.
- HYPE deflated from ATH $75.50 and is now seeking support around $64โ$60.
- NEAR ate a double-digit red candlestick.
๐จโ๐ป The community is left staring at the ceiling because just days ago, Hayes was throwing out a target of $150 for HYPE and betting 100k that it would outperform any top 10 asset.
But the argument isnโt that โHYPE/NEAR are broken.โ Itโs macro, cold, and without drama:
๐น๏ธ High energy prices due to the Iran war โ a brake on risk assets.
๐น๏ธ Giant AI IPOs โ OpenAI, Anthropic, SpaceX soaking up institutional liquidity that could have gone to alts.
๐น๏ธ Trump turning anti-AI ahead of midterms โ more regulatory noise in tech.
๐น๏ธ Market ceiling between now and September โ risk/reward ratio no longer adds up for high beta alts.
๐น๏ธ Taking profits and thatโs it โ HYPE was coming off all-time highs at $75, and prefers to chill on vacation without exposure.
๐ The fundamentals of Hyperliquid and NEAR remain intact. The structural volume hasnโt broken. This is risk management from a big fund, not capitulation.
Are we looking at a deeper cut in alts if the macro doesnโt ease up or did Hayes get ahead of the curve and leave cash to buy back lower?
#hype #Near #crypto #TrendingTopic #TradingCommunity
TRADE HERE ๐๐ผ