$HYPE just ripped past $62 🚀 Even after getting shaken out of my position earlier, I still believed there was a strong chance price would continue pushing higher. I originally mentioned $52 as a realistic near-term target, and while I expected more upside beyond that, this move has definitely exceeded my expectations. In my view, the momentum after $57 was heavily fueled by the “Loracle short” narrative. The combination of: • aggressive PvP bidding • institutional demand • and traders trying to force a Loracle liquidation created the perfect tailwind for the move toward $60+. But realistically, liquidating Loracle always seemed extremely unlikely given the size of the spot position backing it. From here, I think $HYPE probably needs some short-term cooling off. The market has seen maximum bidding pressure, huge inflows, and now that the liquidation narrative has mostly been invalidated, a slowdown on lower timeframes would make sense. That said, on higher timeframes I still think $HYPE remains far away from its true cycle peak. And regardless of any temporary cooldown… I personally would avoid shorting $HYPE at all costs. #HYPEShortSqueeze #SpaceXHolds18KBTC