In the past three days, a mysterious crypto whale quietly bought 170,904 HYPE across two wallets, totaling a value of $6,056,608! 💸
The largest single transaction was:
🔹 Deposited $3,000,000 USDC into Hyperliquid.
🔹 Acquired 80,321 HYPE at an average price of $37.35 each.
It's clear that he is positioning near the resistance around $38. This isn't random buying; there's a 'script' involved 🎯
📈 What big move is HYPE planning? Is $40 on the way?
As of the time of writing, HYPE is quoted at $35.20, a slight drop of 2.57% in the past 24 hours.
But don't be fooled by the drop - it has been rising steadily since April, with $32 as a solid support level that rebounds every time it touches.
Recently, it successfully held $32 again, rebounding close to the $38 resistance area. Is this a buildup before a breakout or just a fake-out? 🧐
🔥 The liquidation heat map is exploding! $38-40 is the 'bull-bear battleground'.
The liquidation heat map from CoinGlass tells us:
There are many stop-loss liquidation points for short positions near $38.
$40 is even more of a super liquidation 'magnet'.
As long as the price breaks through these two thresholds, 🚀 a massive rally is likely to unfold, and shorts being 'squeezed' is a common scenario.
Conversely, the liquidation density in the $34~32 range is relatively low, and support is stable. Unless there is a significant negative event, the likelihood of a big drop in the short term is low.
🧊 The derivatives market is a bit calm, but is this an opportunity?
In the past 24 hours, HYPE derivatives trading volume decreased by 4.75%, down to $1.25B.
Open interest (OI) fell by 2.46%, down to $1.46B.
Current financing rate is 0.0094%, neutral to bullish.
What does this mean?
📉 Leverage funding is cooling down, and people are hesitant to rush in, while spot whales are quietly accumulating.
This is a typical 'spot-driven market'. Once sentiment reverses, the 'catch-up' in derivatives may be even more intense.
✅ Summary: Three major signals resonate, is HYPE about to surge?
1️⃣ Whale purchasing: $6 million large order positioning, super signal 🐳
2️⃣ Good technicals: 32 support remains unbroken, strong sideways movement awaits breakout 📈
3️⃣ Concentrated liquidation trigger points: The $38-40 range is the battleground for bulls and bears ⚔️
📌 If it breaks $38, combined with liquidation triggers, a surge to $40~42 is not a fantasy.
As long as $32 holds, the bulls still maintain control.
Follow along, the next moment could be key! ⚔️
Welcome to discuss: Do you think it can break 40 this time? 💬
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