#美SEC推动加密创新监管 The recent threefold rise has indeed been fierce, but it precisely provides short positions with a better get on board opportunity. The greater the rebound, the more considerable the profit margin for the rollover strategy.

The rapid rise of decentralized exchanges is rewriting the rules of the game, and traditional centralized platforms are facing increasing pressure. Even though HYPE's trading income ranks among the top in the industry, its current market value still seems high.

From a technical perspective: the weekly trend is clearly downward; although the daily candle on November 28 surged with high volume, it subsequently lacked momentum, and there is clear resistance above - major funds are likely still in the process of unloading. More critically, on November 30, some tokens are set to be unlocked.

In summary, the probability of Hyperliquid hitting a new low is quite high.