Long zone (Entry): Around the current price level ($45.0 - $45.6).
Take Profit target: $52.0 (Expecting a ~14% increase).
Stop Loss point: $42.5 (If the price breaks below the nearest support zone).
Buy Txs flow (53k) is dominating the Sell Txs flow (47k), indicating strong demand.
The market is leaning towards the Bulls (Long) but Short liquidation pressure is creating strong upward momentum:
Total liquidation volume: ~$7.38M.
Short Liquidation: ~$5.52M (The Short side is getting burned/stop-lossed, creating a "Short Squeeze" that pushes the price up).
Long Liquidation: ~$1.86M (The Long side is still holding a fairly stable position).
đAnalysis of Whale Positions.
Data from Hyperliquid shows a clear differentiation among the big players:
Long side (Whales): The largest wallet 0x082e...88 is holding a Long position worth $62.8M with an entry price of $38.67, currently profiting over $9.4M. This indicates that whales still expect the price to rise significantly beyond the $45 level.
Short side (Whales): There are several large wallets currently hedging or counter-trending around the $42.0 level, currently taking losses (for example, wallet 0x8def...ae is down ~$4.7M). If the price exceeds $47, this Short side will be forced to buy back to cut losses, further driving the price higher.
But if you want to Short, the risk is high at $47.0 (Only if thereâs a reversal candlestick), shorting down to $41.0. #hype
Take Profit target: $52.0 (Expecting a ~14% increase).
Stop Loss point: $42.5 (If the price breaks below the nearest support zone).
Buy Txs flow (53k) is dominating the Sell Txs flow (47k), indicating strong demand.
The market is leaning towards the Bulls (Long) but Short liquidation pressure is creating strong upward momentum:
Total liquidation volume: ~$7.38M.
Short Liquidation: ~$5.52M (The Short side is getting burned/stop-lossed, creating a "Short Squeeze" that pushes the price up).
Long Liquidation: ~$1.86M (The Long side is still holding a fairly stable position).
đAnalysis of Whale Positions.
Data from Hyperliquid shows a clear differentiation among the big players:
Long side (Whales): The largest wallet 0x082e...88 is holding a Long position worth $62.8M with an entry price of $38.67, currently profiting over $9.4M. This indicates that whales still expect the price to rise significantly beyond the $45 level.
Short side (Whales): There are several large wallets currently hedging or counter-trending around the $42.0 level, currently taking losses (for example, wallet 0x8def...ae is down ~$4.7M). If the price exceeds $47, this Short side will be forced to buy back to cut losses, further driving the price higher.
But if you want to Short, the risk is high at $47.0 (Only if thereâs a reversal candlestick), shorting down to $41.0. #hype