The current upward momentum of HYPE is entirely driven by the deflation mechanism at the protocol level. The daily destruction amount reached 1.82 million US dollars, with an annualized destruction rate of 2.02%. This real income conversion into a continuous buying pressure model is more solid than any emotional speculation. The total amount of destruction has accounted for 4.52% of the total supply, and the actual circulating chips in the market have been steadily withdrawn. As long as the hematopoietic capacity of the agreement is maintained, there is a rigid demand of nearly 2 million US dollars for fundraising every day, and the intention of funding support is very obvious. At the current price of 58 dollars, it is in a strong upward trend zone, and pursuing high prices has low cost-effectiveness. Long term position building requires patience to wait for a rebound. The first buying range is between 48 and 52 dollars. This is the chip sedimentation area before the early volume increase, with strong support. If you step back and give the opportunity, you can directly take the bottom position. The maximum buying range is between 38 and 42 dollars. If the market sentiment panics and collapses, this position is an excellent golden pit. When I reach the heavy position of HYPE, it will be one of my very attractive targets!