The price of $HYPE reached the zone of $36–$37 where leveraged shorts had accumulated, causing a sequence of liquidations. After that movement, the price began to retrace sharply.

Currently, it approaches a critical zone where new leveraged longs are exposed, between $32.2 and $30.8 according to the Liquidation Heatmap.

If the retracement continues, the market could seek that descending liquidity to continue forcing exits. The volume profile shows that there is little immediate support below.

🔗 https://tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square

HYPEUSDT

Perp

29.24

+5.19%