HYPE declined roughly
↘10%
over the past week as the
chip trade unwind pressured the market, while investor interest in holding positions expanded approximately
↗2%
over the past week.
Foundation strengthening despite pullback
The protocol surpassed $1.2B in total fees
and was overweighted in a new crypto fund, signaling longer-term institutional interest even as near-term price action remains choppy.
Trading activity normalizing
Trading activity dropped roughly
↘57%
over the past 24 hours and active traders declined approximately
↘33%
over the same period, though investor interest in holding positions continues expanding.
Large investors reducing positions
The recent pullback
appears tied to large investors reducing positions, with the price testing support near approximately $50-$51 as mentioned in market analysis.
Short positions squeezed
Forced selling totaled roughly $73M over the past 24 hours, with more short positions closed than long positions, indicating some traders betting against the price were squeezed out.