Looking at the $HYPER contract in this round of market activity, the details reveal the manipulative tactics of the big players controlling the market.

The story on the chart is as follows: the 24-hour trading volume suddenly surged to 675 million HYPER, and the price jumped from 0.1230 to over 24% higher at 0.1641. It sounds impressive, but a closer look at the total holdings shows that after the spike, there was actually a slight pullback—simply put, the enthusiasm for chasing the high is quickly fading.

Furthermore, examining the long and short positions of large traders, whether in terms of account numbers or position sizes, shorts always outweigh longs. And starting from the high of 0.1641, active sell orders have noticeably increased, which is a clear sign that the big players are quietly offloading their positions while pushing the price up. The MACD on the 15-minute and 1-hour K-lines has already shown divergence at the top, indicating that the bullish momentum is nearly exhausted.

What’s the next move? In the short term, it’s highly likely to test the support zone around 0.148-0.150. If this support doesn’t hold, the big players will take advantage of the short-side capital advantage to push the price down toward 0.140. If the support holds and a rebound occurs, don’t expect too much—without new funds entering, it’s difficult to break above the 0.1641 high. The most realistic outcome is a repeated oscillation between 0.150 and 0.160, with no significant opportunities in the short term.