$HYPE slipped just enough to trip a $4.5515K long position around $29.49747, and that tiny drop told a bigger story than the chart might suggest. Someone trusted the level to hold, but price had other plans, even if only briefly.
It’s like leaning on a door you think is locked, only to feel it give way a little. You don’t fall through, but the confidence is gone. Long liquidations at these prices often show expectation running ahead of confirmation, especially when momentum starts to fade quietly.
What’s interesting here isn’t the size of the move, but the timing. The market didn’t rush, it just waited. Those moments tend to clean out weak conviction before anything meaningful happens next.
Do you think this was just a pause, or the start of traders reassessing their bias?
HYPEUSDT
Perp
33.09
-2.26%