#HYPE: Bull positions are clearing positions, with institutions accumulating shares against the trend
For $HYPE, in the long run, it is indeed a project with certain potential
If macro factors in the market are favorable, perhaps with the release of sentiment and liquidity, it could really reach $100
For Hype, I held from $21.7 all the way to 75, spanning several months, despite its big rises and falls
However, I then sold around 69.8, due to the Hayes sell-off, which made me uneasy
First, KOLs are actively selling and attracting more investment, which shows that although short-term pressure is possible, there is potential for a long-term rebound
But in reality, the real concern is that it has repeatedly hit historic highs, and the macro factors are not optimistic
The market is gradually pricing in tightening liquidity, exceeding nonfarm payroll data, and uncertainties in the Middle East—all of which have raised my concerns
The Middle East situation is highly affected, and the key nuclear issue between the US and Iran seems difficult to resolve. Because of Israel's involvement, the demands of the US, Israel, and Iran differ and even contradict each other
Unless the U.S. and Israel reach an agreement, but that would be difficult. Given the current situation, if an agreement is reached, mutual concessions between the U.S. and Iran might resolve the issue, but the probability is currently low
Therefore, choosing to sell $HYPE does not mean pessimism, but rather trading liquidity as liquidity tightens as the market gradually tightens its valuation, waiting for a "golden" moment 🤔
@OKX Planet @Baxi Zora_OKX @Cola Cola_OKX
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
