Terence Kwok’s post-mortem interview regarding the $36 million North Korean hack triggered heavy market activity as Humanity Protocol faced renewed selling pressure.
The interview shifted trader sentiment and pushed participants to reassess the project’s near-term outlook.
As a result, Humanity Protocol [H] declined 14.98% over the past 24 hours to trade at $0.05697 at the time of writing.
Trading activity accelerated instead of fading, with daily volume climbing 95.51% to $10.63 million.
This sharp increase showed traders actively repositioned rather than abandoning the market.
Meanwhile, the token’s market capitalization dropped to $176.54 million, reflecting a weaker valuation despite elevated participation.
Even so, the unlocked market capitalization remained slightly higher at $176.73 million, indicating most of the circulating supply had already entered the market before the latest volatility emerged.
Why are Binance traders still leaning bullish?
Retail price action weakened considerably, yet Binance’s top traders retained a strong bullish bias throughout the sell-off.
Long accounts represented 69.26% of positions, while short accounts accounted for only 30.74%.
The distribution left the Long/Short Ratio at 2.25, showing experienced traders largely expected downside pressure to stabilize instead of accelerating.
Such positioning suggested participants viewed the decline as a reaction to news rather than a complete breakdown in market structure.
However, that optimism also increased risk because excessive long exposure often creates vulnerability if support fails.
Should sellers regain control, those leveraged long positions could add fresh volatility through forced liquidations instead of providing immediate buying support.
Can Humanity defend its long-term support?
Humanity remained pinned near the lower boundary of a long-term support zone around $0.0568 after giving back nearly all gains recorded during June’s rally.
Buyers repeatedly defended this area over recent sessions, preventing another sharp breakdown despite persistent selling pressure.
Meanwhile, the MACD presented an improving technical picture.
The MACD line crossed above the signal line while the histogram turned positive, suggesting bearish pressure had eased after weeks of sustained weakness.
However, price had not confirmed a bullish reversal because candles continued trading inside the established support range.
If buyers maintain control above $0.0568, H could attempt a recovery toward the resistance zone near $0.080.
However, losing that support would expose the token to another wave of selling and invalidate the improving MACD signal.
Where could liquidations drive the next move?
Liquidation Heatmap highlighted two important areas where volatility could intensify if price left its current range.
The largest nearby liquidity cluster sat around $0.061, where concentrated short liquidations could accelerate a recovery if buyers reclaimed that level.
Another significant cluster appeared around $0.055, reflecting a zone where long liquidations could emerge if support failed.
Those stacked liquidity pockets suggested leveraged traders had concentrated positions on both sides of the market.
As a result, any decisive move beyond either level could trigger cascading liquidations that amplify price swings.
The stronger cluster above current price slightly favored an upward squeeze, although that scenario would still require buyers to reclaim resistance before momentum shifted convincingly.
Conclusively, Humanity Protocol remained under pressure after Terence Kwok’s interview reignited concerns surrounding the earlier security breach.
However, top traders continued favoring long positions while MACD improved near a major support zone.
If buyers defend $0.0568, H could challenge higher liquidity near $0.061. Otherwise, a break below support would likely trigger another round of liquidations and extend the recent decline.
Final Summary
- H dropped nearly 15% as trading volume surged following renewed hack-related market attention.
- Bullish trader positioning remained strong while H continued testing a major long-term support level.
