Today, what’s surprising isn’t the dip at $BTC , but the weakness at $HYPE .
While most top assets are showing a long position advantage among major traders, HYPE is standing out in the opposite direction.
Long/Short Ratio:
BTC — 1.13
ETH — 1.75
HYPE — 0.94
This indicates that among the reviewed assets, HYPE currently leans towards shorts, which may suggest a decline in confidence from the big players in the market.
What else is catching attention?
Capital outflow from derivatives around $54 million.
Decrease in Open Interest.
Correction of more than 10% from the local peak.
The price drop itself isn’t the main issue. What’s more concerning is that during this downturn, there hasn’t been any noticeable new capital flowing back into the asset.
Right now, the $64–65 zone remains a key support level. It will soon become clear whether buyers are ready to take the initiative.
If the bulls' reaction is weak, HYPE risks remaining one of the weakest assets in the current market cycle.
What’s your take: is this an opportunity to stack a position or is it better to stay on the sidelines for now?
While most top assets are showing a long position advantage among major traders, HYPE is standing out in the opposite direction.
Long/Short Ratio:
BTC — 1.13
ETH — 1.75
HYPE — 0.94
This indicates that among the reviewed assets, HYPE currently leans towards shorts, which may suggest a decline in confidence from the big players in the market.
What else is catching attention?
Capital outflow from derivatives around $54 million.
Decrease in Open Interest.
Correction of more than 10% from the local peak.
The price drop itself isn’t the main issue. What’s more concerning is that during this downturn, there hasn’t been any noticeable new capital flowing back into the asset.
Right now, the $64–65 zone remains a key support level. It will soon become clear whether buyers are ready to take the initiative.
If the bulls' reaction is weak, HYPE risks remaining one of the weakest assets in the current market cycle.
What’s your take: is this an opportunity to stack a position or is it better to stay on the sidelines for now?