$HYPE just went through a brutal long liquidation—over $11 million in long positions were forcibly closed in the past 12 hours. After such an extreme one-sided liquidation, the market often sees a technical rebound. The current question is: can this oversold move provide some breathing room?



**A few noteworthy data points:**

Long-short liquidation ratio is severely imbalanced: the volume of long liquidations is 83 times that of shorts, indicating that panic selling is nearing its end and the momentum for further downside in the short term is weakening.

Buyers are stepping in at the bottom: within 1 to 4 hours after the sharp drop, over $2 million quietly entered the market, suggesting some capital believes the risk-reward ratio is acceptable at this level.

Key support is temporarily holding: the price is currently hovering around $29.4, repeatedly testing this level in the short term but not breaking down, which could form a short-term bottom.

**If you plan to participate in this rebound, keep the following in mind:**

This is a bet on an oversold bounce, not a trend reversal. Position sizing must be extremely light (recommend no more than 3% of total capital); this is essentially a short-term trial-and-error trade.

Consider building positions in batches within the $29.5 to $29.8 range—do not go all in at once.

If the rebound materializes, the first target is $31.2, and the second target is around $33. However, if the price drops below $28, you must stop out unconditionally—do not take any chances.

**Final reminder:**
When the market is bloody, some people do manage to pick up cheap chips. But only if you control your position size and strictly enforce stop-loss discipline. This type of operation is essentially hunting, not investing—travel light, take profits if you hit your target, and retreat immediately if you miss.
HYPE-2.76%
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PerpetualLongervip
· 12-10 11:09
Another round of long liquidation, guys it's time to buy the dip. This is definitely the last chance to get on board. Holding above 29.4 is the destined spot; I am full of faith. A 3% position is for cowards. I need at least 10% to test the waters first. Why do the bears always cause trouble? An 83x liquidation is an opportunity. A rebound to 33 is not enough to see. The bull market is here, and we need to keep adding. So, to go long, you must hold your position. Going all in at once is a bit risky, but splitting the position and managing risk well is essential. Actually, every bloodbath is a filter for true believers. I am a steadfast bull, and eventually, I will recover my investment.
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NFTArchaeologisvip
· 12-10 06:59
The 11 million bulls evaporated overnight... This scene is a bit like the collapse of the medieval manuscript market, where scarcity expires in an instant. --- 29.4 This support depends on how long it can be held - otherwise it is just an "archaeological relic" on paper. --- Why do you dare to enter the market with 2 million, I am still looking at whether this is an illusion at the bottom or a real undertaking. --- 3% trial and error, $28 stop loss, this style of play is rigorous... But the market never follows the logic on paper. --- It's not so much a rebound fix as a respite before the next round of cleaning, a game of asymmetrical information. --- The bulls exploded 83 times... This ratio is a bit outrageous, indicating that panic is indeed bottoming out, but "bottoming out" and "bottoming out" are separated by an abyss.
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TestnetFreeloadervip
· 12-08 08:23
83x liquidation ratio, that’s really desperate... But entering the market with 2 million is interesting—someone is bottom fishing.
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AirdropHarvestervip
· 12-07 22:51
$11 million in liquidations, this is a real bloodbath, it hurts just to watch. Wait, $2 million coming in to catch the falling knife? These people are really daring. If 29.4 holds, there’s hope, but I’ll stay on the sidelines for now, it’s too intense. I can try with a 3% position for trial and error, just worried there’ll be another dump right after. Can it really reach 31.2? Seems unlikely, I can’t bet on that. Not chasing this time, I’ll wait for the next opportunity—gotta stay alive. Longs got wiped out 83x? The shorts must be laughing their heads off, haha. $28 stop-loss is my bottom line, if it goes any lower I’m just giving up. This round was definitely hunting, not investing—lesson learned. Only the whales are entering now, I’ll just settle for the leftovers.
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GateUser-00be86fcvip
· 12-07 22:51
11 million liquidated, this one really hurts, the longs are getting eaten alive. An 83x liquidation difference, feels like they're squeezing out the last panic sellers. Did 29.4 hold? Then let's see if we can get a technical rebound, but I still have to keep my positions light. 2 million buying in, smart money is really lying in wait here. Trying with a 3% position is fine too, can't lose much anyway, just treating it as practice. Sell below 28, got to stick to the discipline we talked about. If you can't hit your target, just pull out—got to have this mindset. A lot of people lose because they don't. Enter at 29.5 in batches, don't go all in at once. If it goes up this time, try for 31.2.
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GamefiGreenievip
· 12-07 22:49
$11 million in liquidations? Now that's a real bloodbath. But 83x leverage imbalance... At times like this, it's really a test of human nature—are you just watching the drama or actually putting real money on the line? Not sure yet, I'll wait and see if it drops another two points. Did $29.4 hold? Feels like a trap for retail investors. $2 million entering the market... Not sure if it's a whale buying the dip or just digging their own grave. I can play light positions for short-term trades, but it depends on the strength of the rebound; otherwise, I'll just wait for the next opportunity. If $28 breaks, I'm out immediately—nothing to hesitate about. $31? Depends on how strong the rebound is; otherwise, it could just be a typical dead cat bounce. These rebounds after a crash sound tempting, but I'm more inclined to watch from the sidelines. It's either a reversal or just a rebound—big difference. A lot of people get burned here. $33 is too far away, don’t overthink it. First, see if it can hold above $30.
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LiquidationKingvip
· 12-07 22:47
$11 million in liquidations, the longs really got scared out of their minds. This rebound has something going for it. Big money is all defending at 29.4, I'm watching it. A 3% trial-and-error position is about right, but I think I'll wait and see a bit more. If it drops below 28, just get out, nothing more to say. There are indeed opportunities during this kind of bloodbath, but the key is still stop-loss. Don't go all in, just enter in batches and you'll be fine. That 31.2 target seems a bit far-fetched. The bottom is still being tested repeatedly, let's wait and see. An 83x liquidation ratio, the shorts really made a killing this time. I like bottom fishing during extreme panic like this, but only with a light position. If 29.4 can hold, the probability of a rebound is still pretty good. I'll try entering a little at 29.5, and see how the rest plays out.
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GasFeeVictimvip
· 12-07 22:47
11 million in liquidations—basically, someone got rekt. Everyone buying in now is just betting on a rebound. I’ll wait and see. --- 83x liquidation imbalance, that data is pretty scary. Feels like we haven’t fully bottomed out yet. --- Whether 29.4 holds depends on the next few hours. I’ll just watch for now. --- Using 3% position to bet on a rebound sounds good, but how many people actually follow through? --- 2 million coming in to take the dip—sounds like big money, but it could just be catching a falling knife. --- Stop loss at $28 is a must to remember. Better to make less than get trapped. --- There are definitely opportunities in a bloody market, but I’m worried I don’t have the psychological strength to actually cut losses. --- 31.2 and 33 look like rebound targets, but it still feels too early to get in. --- Building positions in batches is way more reliable than going all in, but when the time comes, it’s easy to lose your resolve. --- This round of hunting-style moves is spot on. You can’t play this kind of short-term game without the right investment mentality.
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OnChain_Detectivevip
· 12-07 22:47
hmm pattern analysis on those liquidation metrics is screaming red flags tbh... 83x ratio feels off, let me cross-reference the wallet clustering data before trusting any bounce narrative here ngl
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ProtocolRebelvip
· 12-07 22:27
$11 million in liquidations? How ruthless do you have to be to harvest like this? Looks like some people just lost everything. 29.4 is indeed an interesting level, but I really don’t dare to bet on this rebound. Feels like there’s still downside risk. An 83x liquidation imbalance sounds like a bottom signal, but who can really catch the bottom, right? Trying with 3% of my position to test the waters? I’ll pass—this time I’m just going to sit back and watch. They say to buy the dip when things are bloody, but every time I try, I end up losing everything. I’ve noted the $28 stop-loss, but keeping my cool when executing it is a whole different story. Targets at $31.2 and $33 sound a bit optimistic; when does the market ever cooperate that well? Only $2 million in buying support and you’re calling a bottom? That’s a pretty thin order book.
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