HYPE Briefly Tops $70 on HTX Data, Setting a New All-Time High
HTX data showed HYPE reached a fresh record above $70 on May 31, while hl.eco data indicated buying momentum weakened sharply as 24-hour TWAP net buy fell to $3.91 million.
HYPE
Fact Check
BlockBeats flash 348636 directly confirms HTX data showed HYPE briefly broke $70 on May 31 setting a new ATH. BlockBeats flash 348639 directly confirms hl.eco TWAP 24h net buy fell to $3.91M, with momentum sharply weakening. PANews and Odaily corroborate the new ATH narrative via OKX data.
Summary
HYPE briefly surpassed $70 on May 31, setting a new all-time high according to HTX data, before easing to $69.845, still up 6.4% over the previous 24 hours. At the same time, flow data from hl.eco suggested weakening underlying demand: 24-hour TWAP net buy fell to $3.91 million from about $54 million in projected 24-hour net buying earlier in the day, and the most recent hour showed net selling of $202,000. The move indicates HYPE reached a record price even as buy-side momentum softened.
Terms & Concepts
- All-time high: The highest price level an asset has reached in its trading history.
- TWAP: Time-weighted average price, a trading benchmark that measures average price over a set period and is often used to assess sustained buying or selling flow.
- Net buy: The balance of buy orders over sell orders during a given period, used to gauge whether market demand is positive or weakening.