The chain data show that when HYPE approached a key 60-dollar support position, there was a big address to centralize the coin. The two wallets combined removed more than 37.5 million HYPEs from Coinbase Prime and BitGo, with a value of more than $23 million at current prices. Instead of a back-to-back trading platform, the funds were transferred to their hosting address, further tightening the market ' s immediate circulation of coins.

Two notes over $23 million.

According to Lookonchain monitoring, the newly created wallets were removed 278,827 HYPEs from Coinbase Prime, valued at approximately $17.45 million. Subsequently, the address 0x2386 was again active after a month of silence, removing 96,930 HYPEs from BitGo, valued at approximately $6.01 million.

The total number of transactions exceeded 375,000 Hype. As tokens are transferred to a private hosting address rather than to a trading platform, this is usually seen as a sign of preference for holding and means that there is a reduction in short-term sales.

It's still low.

In contrast to the movements of giant whales, the level of bulk participation remains low. The Trading Freecy indicators cited in the text continue to show “Few Retail”, indicating that small traders have not yet entered the field.

This means that the recent shift in the position around the HYPE has been driven largely by large amounts of money rather than by widespread speculation. At least in the current structure, market sentiment has not yet reached a hot stage.

$60 to support liquidity above $66

HYPE, which has been back from a high of nearly $76, is still operating above the critical support area near $60. This position corresponds to both the skeletal neck line and the upward trend line since mid-May, and thus becomes a critical area in the short line.

It is mentioned that RSI has fallen back to 48.7 and has fallen to a neutral level 50, which is also below the average of about 55.2, indicating a cooling of the drive during the rollback. However, as long as the $60 area has not been broken, the current overall upper structure remains intact.

Binance liquidation hottests to show that HYPE has a more intensive liquidity at current prices. The first significant area is between US$ 63.5 and US$ 64.5 with a greater concentration of liquidity in the vicinity of US$ 66, close to the US$ 66.88 resistance position on the graph.

Prices may be attracted by these upper-movable areas if multiple-heads continue to hold the bottom back. Short-line fluctuations can also be magnified once centralized liquidation is triggered. So the 64 dollars and 66 dollars are still the next two most important price areas for HYPE.