Why does HYPE keep rising the more it's shorted? The most absurd "counterlogic" in the crypto world has arrived

Normal people would think:
Someone opens a $140 million short position, so the price should fall.
But the crypto circle loves to go against the grain.
Because the true essence of the market has never been value.
It's about "position battles."
The current problem with Loracle isn't whether he's right to be bearish.
It's that his short is too large, too public, and too tempting.
In traditional markets, whale positions are secret.
But in the on-chain era, big funds are almost like running naked.
So everyone knows:
"There's a super short here."
What will the market do?
There's only one answer:
F*** him.
So the core logic of HYPE moving forward isn't really about project fundamentals, but about "how long can the short fuel keep burning."
That's also why many MEME coins suddenly surge without any news.
It's not because of increased value.
It's because someone's position is at risk.
And now Loracle has become HYPE's biggest "billboard."
Every day, countless people watch his position changes.
Many even buy HYPE for a simple reason:
"I just want to see the whale get liquidated."
You'll find that the market has become entertainment.
Candlestick charts are no longer just finance.
They're more like a drama series.
My prediction is:
By the end of May, HYPE will still be relatively strong.
The main target is around $69.
But the real critical level is actually $72.
If it breaks through $72, short-sellers might face a large-scale squeeze.
If it can't stay above $65–66, Loracle might end up laughing last.
Because oscillations at high levels are the easiest way to drain bullish sentiment.
And the most dangerous place in the market right now is:
Everyone is expecting the same outcome.
Usually, at such times, the big players love to suddenly go against the trend.
So in the next few days, HYPE is likely to:
First go crazy, then oscillate, and finally suddenly flip.
And who will be the ones buried?
Old crypto players know:
When taxi drivers start talking about "HYPE doubling again," the story is probably nearing its end.