$10 million in buy orders clustered at $77 for HYPE, about 70% of which was added today

BlockBeats news, October 16, according to TradingBeats monitoring, HYPE is trading at approximately $80.91. The $77—$78.12 range below the current price currently encompasses 10 buy orders, totaling approximately 190,600 HYPE, valued at about $14.8 million, roughly 3.5%—4.8% below the current price. Of this, approximately $10.8 million was newly added today, accounting for about 73%.

Buy orders are mainly concentrated in three tiers:

- $77.44—$77.51: approximately $8 million. Two buy orders of approximately $4 million each; the relevant accounts currently have no HYPE holdings, representing long-opening plans after a pullback; one of these at $77.51 was newly added today (0x2c6f…).

- $78.12: approximately $4.689 million. Two addresses with no current HYPE holdings have placed buy orders of approximately $3 million and $1.689 million respectively, both newly added in the early hours of today (0xafe4…, 0x6cb9…).

- $77.149: approximately $386,000. Corresponds to an existing long position's plan to continue adding (0x90db…).

- $77.08—$77.717: approximately $1.726 million. Two existing short positions arranged to buy back; based on current positions, these are primarily for reducing shorts upon execution (0x6749…, 0xb0f0…).

Based on current positions, approximately 88% of buy orders correspond to new long openings or long position additions, while approximately 12% are for short covering.