Despite significant fluctuations in the cryptocurrency market, successful investors are using strategic approaches to generate profits. One noteworthy example is the HYPE token, where a trader achieved nearly $840,000 in profit after closing their position following a price rebound. This transaction highlights the potential for profitable strategies amidst market volatility. 3x leveraged trades also played a significant role. The surge in the HYPE token price, from $11.3667 to $12.415, allowed the trader to generate substantial gains of around $840,000 before closing their position. While this highlights success, it also emphasizes the high volatility and potential for risk associated with such strategies. Analyzing technical levels further suggests the possibility of liquidation risks if HYPE token prices drop below a critical point, potentially exceeding $3.2477. This underscores the importance of risk management techniques employed by traders in a highly volatile market. The recent price recovery has sparked renewed market activity, with some users returning to buy positions. The Hyperliquid exchange’s past experiences, including a surge and subsequent drop following investor withdrawals, continue to spark questions about its reliability. Competition among centralized platforms is intensifying, leading to speculation of a strategic positioning war. Some investors are opting for a