A 'giant whale' was continuously liquidated on Hyperliquid, with a single transaction exceeding 11 million, totaling over 26 million USD.
Do you think this is bad news? Hold on, liquidations often hide signals of market reversal. I am Nanxi, I have been watching the market for five years, and today I will help you use the 'corpse of the giant whale' to determine whether HYPE's next move is to surge to 30 or drop to 21.
The giant whale is dead, does that mean the market is over?
Many people panic when they see that large accounts are liquidating, thinking that the currency is about to crash.
But look at the data: this Oxbad brother's liquidation price after the crash is at $23.6, while the current price is still fluctuating around $24.2.
What does this indicate? The bear's firepower did not break through the support all at once.
On the contrary, a large number of liquidations seem like 'forced liquidation,' clearing out high-leverage longs, making it easier to push the price up.
However—if the price falls below 23.6, the next wave of liquidation will come even stronger.
Tonight, will it hold at 23.6, or will it break down completely?
If you don't know how to time your entries, you can follow Nanxi; she will analyze in real-time in the village and provide the current best entry point.
Look at the technicals: MACD dead cross under water, but rebound pressure is dense:
Looking at the hourly chart, MACD is dead crossing below the 0 axis, indicating short-term weakness. But note: rebound pressure is concentrated between 24.0–24.23, a total of 7 levels. What does this indicate? There are sellers at every rise, but there are also buyers at every fall.
My view is: if it does not break 23.5, it will trade between 23.5–26 in the short term. If it can stabilize above 24.3, it may truly strengthen. But remember, once it breaks down 23.5 with volume, the next stop is 21. I tend to think it will oscillate in the short term; the main force needs time to wash out. But the most dangerous part is not the rise or fall, but that you do not set a stop loss.
Everyone's position size is different; it's advisable to find Nanxi, become a villager in Nanxi Village, synchronize entry and position building, and Nanxi will help you plan your position and control risk!
What should I do? Remember the two life-saving rules.
"Liquidation bottom" strategy: whales often have rebounds near the liquidation price (23.6), you can try with a small position, but must stop loss if it breaks down.
"Ladder order" method: Place batch buy orders at 23.5, 22, and 21, instead of going all in; if it drops, there are still bullets.
Never follow the emotions—whale liquidations do not mean the currency has no value; instead, they are a touchstone for observing market reactions.
However, if you are fully invested right now... listen to me, set your stop loss, don't become the next Oxbad.
Pay attention to Nanxi, let her guide you to view the market with the mindset of a major player, avoiding guesswork in peak and bottom trading. If you don't know the specific entry and exit points, and for those holding positions, you can follow Nanxi to find her; she will announce daily currency and entry/exit points in Nanxi Village 24 hours a day.
