1-hour chart: Even though there was a massive sell-off by OG whales, it seems like funds were pulled from HYPE to support their Binance futures positions. Yesterday, despite the ongoing consolidation, the negative premium didn’t widen. OI data shows Binance’s overall volume climbed back to 100,000 BTC. Neither side (longs or shorts) managed to push it down to 86, which would have wiped out a large chunk of liquidity. Shorts can only gradually increase liquidity during the rebound. 90k has become the resistance level now.