Today, $HYPE is as calm as my mood, closing at $35.83 with hardly any movement. When I saw $36.01 in the morning, I was thinking about whether to add some positions, but after hesitating a bit, it pulled back.


The most interesting thing is market sentiment. The fear and greed index has dropped to 11, and during such extreme panic, it's often a good entry point. Remembering a similar situation last year, everyone was panic selling, but a few weeks later, we saw a nice rebound.
Today's trading volume is 89M, not very active, but it also indicates most people are watching. I noticed that $HYPE's price fluctuation is only 1.35%. In this market environment, maintaining relative stability is quite rare.
I initially wanted to buy more at the low point, but seeing that the BTC perpetual funding rate is still at 0.0017%, in the neutral zone, indicating that neither bulls nor bears have a clear advantage, so I might wait a bit longer.
Looking back, I think during such extreme panic, it's better to stay calm. $HYPE's current price is indeed tempting, but I plan to observe for a few more days to see how long this panic sentiment lasts. Sometimes, not trading is also a trading strategy.
HYPE2.27%
BTC0.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin