Is a 6% slide while a named short closes clean the market asking who sells next? Our read: the move has a driver. Solanadoomer covered a $2.51M short into a $649M perp tape, and perp volume runs 8.6x spot. What flips it: a named account opening fresh long size above $5M, or buybacks accelerating past the $72.91M 30-day pace. $HYPE at 82.72 with $1.9B in open interest means the unwind, not the entry, is what is being priced.
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