$ETH Short position profit
$HYPE Long position accurately profit-taking 1. Market Capitalization Structure: Overall market cap remains far below traditional finance, large inflows and outflows can trigger sharp rises and falls
2. Policies and Compliance: Regulatory policies, ETF approvals/fund flows in various countries directly cause short-term volatility
3. Market Sentiment: High proportion of retail investors, FOMO/fear-driven trading can amplify price swings, high leverage in contracts worsens sudden spikes
4. Key Events: Bitcoin halving, large transfers/liquidations, actions by institut