看起來超流利[炒作]現在正在流淚

看起來超流利[Hype]現在正在流淚，幾乎到處都從任何地方汲取資本。但是，根據Ambcrypto的說法，每月110％

Hyperliquid [HYPE] has been rolling up capital from just about every source imaginable and, according to AMBCrypto, this move is less about explosiveness and 110% month-over-month ROI. Instead, it’s strategic.

高流動性[HYPE]從幾乎每個可以想像的來源都從資本上匯入資本，根據Ambcrypto的說法，此舉不再是關於爆炸性和110％的月份回報率。相反，這是戰略性的。

As opportunistic shorts load up in anticipation of a reversal, the question remains – Will the short pressure cool things down or could it instead spark the latest explosive leg up?

隨著機會短褲的預期會逆轉，問題仍然存在 - 短壓力會降溫，還是會激發最新的爆炸性腿？

Betting against the trend – Smart move or risky bet?

投注趨勢 - 明智的舉動還是冒險的賭注？

Coinglass data (4H) revealed that 60.7% of accounts across exchanges have been betting bearish. In other words, shorts may be circling.

Coinglass Data（4H）顯示，跨交易所的賬戶中有60.7％的賬戶一直在押注看跌。換句話說，短褲可能在盤旋。

This aligns with the fact that HYPE is just 4.44% away from a new all-time high, with traders setting up classic reversal setups. Technically speaking, this move might feel like textbook timing.

這與以下事實相吻合：炒作距離新歷史最高水平僅為4.44％，而交易員建立了經典的逆轉設置。從技術上講，這一舉動可能感覺就像是教科書的時機。

And, the warning signs are flashing too. At the time of writing, HYPE’s RSI was at 85, signaling ‘overbought’ territory, while the price already slipped 2.58% to tap a low of $37.53.

而且，警告信號也在閃爍。在撰寫本文時，Hype的RSI為85，標誌著“過多的”領土，而價格已經下跌了2.58％，低於37.53美元。

Source: TradingView (HYPE/USDT)

資料來源：TradingView（HYPE/USDT）

Now, that’s the kind of heat that invites short interest, and maybe even sparks some profit-taking. Case in point? A once-dormant whale just made a power move.

現在，這種熱量引起了短暫的興趣，甚至可能引發一些利潤。例子嗎？一條曾經休眠的鯨魚剛剛進行了動力。

According to Lookonchain, the wallet accumulated 1.45 million HYPE between 7 December 2024 and 9 January 2025, at an average cost basis of $18.39 – Totaling a $26.58 million capital outlay.

根據Lookonchain的說法，該錢包在2024年12月7日至2025年1月9日之間累積了145萬次炒作，平均成本基礎為18.39美元，總計2658萬美元的資本支出。

Fast forward to this week – The whale sold 395k HYPE at $36.69, generating $14.51 million in returns. However, that’s just the start. Notably, 1.05 million HYPE is still being held, currently valued at $40.5 million.

快進到本週 - 鯨魚以36.69美元的價格出售了395K炒作，產生了1451萬美元的回報。但是，這僅僅是開始。值得注意的是，仍在舉行105萬次炒作，目前價值4050萬美元。

Unlike previous short attempts, this wave of short positioning coincides with a real whale distributing holdings, making it feel less speculative and more tactical. If that trend holds, the bears might actually be playing it smart this time.

與以前的短暫嘗試不同，這種短定位浪潮與真正的鯨魚分發持有量相吻合，從而使其感覺不那麼投機和戰術。如果這種趨勢成立，這次熊隊實際上可能會發揮出色的作用。

Why FOMO is HYPE’s greatest catalyst

為什麼FOMO是炒作的最大催化劑

In a bull market, every liquidity event becomes someone else’s entry point. Right now, it looks like HYPE bulls may be playing by that rulebook with conviction.

在牛市中，每個流動性事件都成為他人的入口點。目前，看來炒作的公牛可能會被那個規則手冊扮演。

Right after one whale’s multi-million dollar exit triggered jitters of a possible top, the tables flipped fast.

在一隻鯨魚的數百萬美元出口引起了可能的頂部的不安之後，桌子迅速翻轉。

In fact, Lookonchain data flagged three new deep-pocketed players jumping in, scooping up 137,921 HYPE tokens worth a combined $5.33 million. Their average buy-in? A confident $38.50.

實際上，Lookonchain數據標記了三名新的高昂貨運球員跳進來，從137,921個炒作代幣中sc，總價值為533萬美元。他們的平均買入？自信的$ 38.50。

Of course, short-term volatility might kick in as smart money locks in gains. But the FOMO is still very much alive – and that’s HYPE’s biggest edge.

當然，短期波動可能會隨著智能貨幣鎖定的收益而發揮作用。但是FOMO仍然很活躍 - 這是炒作的最大優勢。

The shorts might think the coast is clear, but with heavy accumulation stacking near resistance, any short squeeze could ignite a powerful breakout. In other words, a new all-time high might be within reach.

短褲可能認為海岸很清楚，但是由於大量積累的堆積幾乎是阻力，任何短擠壓都可能點燃強有力的突破。換句話說，新的歷史最高水平可能可以觸及。