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$HYPE has fallen to a new low this year, will it rise again next year??

$HYPE is the native token of the HyperLiquid platform, and its price has been continuously declining recently, reaching a low of $22.3, marking a six-month low. Bull whales have faced successive liquidations, with a single wallet showing a loss of over $22.5 million, and liquidation prices concentrated in the $20-22 range. The overall long-short position ratio on the platform has dropped to 0.91, indicating weakened bullish confidence. Competition in the Perp DEX sector is intensifying, and HyperLiquid is advancing new features such as lending and stablecoins, with the industry evolving towards "on-chain financial infrastructure."

Community sentiment has shifted to panic, social media activity is high, and frequent liquidation events have sparked a wait-and-see attitude. Some smart money is still positioning at low levels, emphasizing strict risk control and patient holding. Institutions and large holders are frequently topping up margins, leading to significant short-term market volatility. #Hyperliquid