Hype tokens have been trading within the rising wedges since late June 2025. This is a formation that is common before breakdowns. But something is off this time.
Despite the low-cost action and rising retail shorts, the Smart Money Signal is quietly turning bullish under the hood.
Hype Whale keeps buying all flooding
Since mid-June, several large wallets, including 0xDC50 and 0x89AB, have deposited millions of USDC into high lipids. These influx coincided with price dips that both bouncing off sharply after the hype tokens were purchased. The LookonChain report confirms that over $33-34 has purchased over 500,000 hype on the 0xDC50 alone, spending more than $17 million in less than two days.
In both cases, red candles marked at local lows on the TradingView chart (one is the local high when the whales benefit) line up with the whale accumulation zone. That’s not a coincidence.
These inversions are footprints of deep pocket repositioning before the retail shorts react.
Funds are negatively reversed, but not working
Since July 1st, funding rates for hype across major Perps have reversed negative. This means that the short seller is paying to hold his position.
In theory, this should lower the price of the hype, but the opposition has arisen.
One address, 0x4F12, sold 126,772 tokens, ended at $42 and won $2.8 million. But even if an exit occurs, influx from new wallets such as 0XE2F8 and 0xCAC1 are replacing them.
Despite the negative funding rate, the long/short ratio of Hyperliquid has been shown to be still long at 64:36, but the ratio fell above 2.1 to below 2.0 in 48 hours. This shows some long exits, but is not enough to tilt the bias yet.
Smart Money Flow is still net
Chaikin Money Flow (CMF), a TradingView indicator that tracks volume-weighted inflows and outflows, has been above the zero line for some time. It shows the strength of purchase. CMFs don’t just follow prices. Track the flow of capital. Positive CMF during lateral integration indicates that smart money is still accumulating while prices remain stable.
The current structure is only void if the CMF is below zero, in addition to a price below $37.5. Until then, dips have been bought very hard.
CMF helps to highlight where the actual money flows. Unlike RSI or MACD, which measures momentum, CMF indicates whether a trader is moving capital to a token. And now it still looks positive.
The rising wedges of hype are still there
The hype has continued to trade within the wedge, which rises within the hourly time frame since June 27th, with resistance coming close to $41. If the price breaks on the wedge and is held above $42 in volume, the shorts can face violent squeezes.
However, if the price falls below $38.50 or $37.50, the recent support line will allow for a move to $31.50. However, $36.86 remains an important support line as it matches the smart purchase level. Hitting these main support zones can cause the structure to turn over and the whale may start to spin. For now, the wedges remained intact and the whales are not yet on sale.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
