看起来超流利[炒作]现在正在流泪

看起来超流利[Hype]现在正在流泪，几乎到处都从任何地方汲取资本。但是，根据Ambcrypto的说法，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.

高流动性[HYPE]从几乎每个可以想象的来源都从资本上汇入资本，根据Ambcrypto的说法，此举不再是关于爆炸性和110％的月份回报率。相反，这是战略性的。

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?

随着机会短裤的预期会逆转，问题仍然存在 - 短压力会降温，还是会激发最新的爆炸性腿？

Betting against the trend – Smart move or risky bet?

投注趋势 - 明智的举动还是冒险的赌注？

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）显示，跨交易所的账户中有60.7％的账户一直在押注看跌。换句话说，短裤可能在盘旋。

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.

这与以下事实相吻合：炒作距离新历史最高水平仅为4.44％，而交易员建立了经典的逆转设置。从技术上讲，这一举动可能感觉就像是教科书的时机。

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，警告信号也在闪烁。在撰写本文时，Hype的RSI为85，标志着“过多的”领土，而价格已经下跌了2.58％，低于37.53美元。

Source: TradingView (HYPE/USDT)

资料来源：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.

现在，这种热量引起了短暂的兴趣，甚至可能引发一些利润。例子吗？一条曾经休眠的鲸鱼刚刚进行了动力。

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.

根据Lookonchain的说法，该钱包在2024年12月7日至2025年1月9日之间累积了145万次炒作，平均成本基础为18.39美元，总计2658万美元的资本支出。

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.

快进到本周 - 鲸鱼以36.69美元的价格出售了395K炒作，产生了1451万美元的回报。但是，这仅仅是开始。值得注意的是，仍在举行105万次炒作，目前价值4050万美元。

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.

与以前的短暂尝试不同，这种短定位浪潮与真正的鲸鱼分发持有量相吻合，从而使其感觉不那么投机和战术。如果这种趋势成立，这次熊队实际上可能会发挥出色的作用。

Why FOMO is HYPE’s greatest catalyst

为什么FOMO是炒作的最大催化剂

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，每个流动性事件都成为他人的入口点。目前，看来炒作的公牛可能会被那个规则手册扮演。

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

在一只鲸鱼的数百万美元出口引起了可能的顶部的不安之后，桌子迅速翻转。

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.

实际上，Lookonchain数据标记了三名新的高昂货运球员跳进来，从137,921个炒作代币中sc，总价值为533万美元。他们的平均买入？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.

当然，短期波动可能会随着智能货币锁定的收益而发挥作用。但是FOMO仍然很活跃 - 这是炒作的最大优势。

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.

短裤可能认为海岸很清楚，但是由于大量积累的堆积几乎是阻力，任何短挤压都可能点燃强有力的突破。换句话说，新的历史最高水平可能可以触及。