Terence Kwok’s post-mortem interview regarding the $36 million North Korean hack sparked heavy market activity as Humanity Protocol faced new selling pressure.
The interview changed traders’ sentiment and caused participants to re-evaluate the project’s near-term prospects.
Therefore, Humanitarian Protocol (H) fell 14.98% in the last 24 hours to trade at $0.05697 at the time of writing.
Trading activity accelerated instead of weakening, with daily volume increasing 95.51% to $10.63 million.
This sharp increase shows that traders have actively repositioned themselves rather than abandoning the market.
At the same time, the token’s market capitalization dropped to $176.54 million, reflecting a lower valuation despite high stakes.
Despite this, the unlocked market cap remained slightly above $176.73 million, indicating that most of the circulating supply had already entered the market before the latest volatility emerged.
Why are Binance traders still optimistic?
Retail price action weakened significantly, but top Binance traders maintained a strong bullish bias throughout the sell-off.
Long accounts accounted for 69.26% of positions, while short accounts accounted for only 30.74%.
The cast left the Long/short ratio at 2.25, showing that experienced traders widely expected the downward pressure to stabilize rather than accelerate.
Such positioning suggested that participants viewed the decline as a reaction to the news rather than a complete collapse of market structure.
However, this optimism has also increased risk, as excessive prolonged exposure often creates vulnerability if support fails.
If sellers regain control, these leveraged long positions could add further volatility via forced liquidations instead of providing immediate buying support.
Can humanity defend its long-term support?
Mankind remained stuck near the lower boundary of a long-term support zone around $0.0568 after giving back almost all of the gains recorded during the June rally.
Buyers have defended this area several times in recent sessions, avoiding another sharp breakout despite persistent selling pressure.
Meanwhile, the MACD presented an improving technical picture.
The MACD line broke above the signal line while the histogram turned positive, suggesting that bearish pressure has eased after weeks of sustained weakness.
However, the price did not confirm a bullish reversal as the candles continued to trade inside the established support range.
If buyers maintain control above $0.0568, H could attempt a recovery towards the resistance zone near $0.080.
However, losing this support would expose the token to another wave of selling and invalidate the improving MACD signal.
Where could liquidations lead next?
The liquidation heat map highlighted two important areas where volatility could intensify if the price leaves its current range.
The largest nearby liquidity cluster was around $0.061, where concentrated short liquidations could accelerate the recovery if buyers reclaim this level.
Another large group appeared around $0.055, reflecting an area where long selloffs could emerge if support fails.
These stacked pockets of liquidity suggested that leveraged traders had concentrated positions on both sides of the market.
As a result, any decisive move beyond either of these levels could trigger cascading liquidations that amplify price swings.
The stronger group above current price has slightly favored an upward squeeze, although this scenario would still require buyers to regain resistance before momentum shifts convincingly.
In conclusion, Humanity Protocol remained under pressure after the Terence Kwok interview reignited concerns over the previous security breach.
However, top traders continued to favor long positions while the 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 a new round of selloffs and extend the recent decline.
Final summary
- H fell nearly 15% as trading volume increased following renewed market attention related to hacking.
- Bullish positioning among traders remained strong as H continued to test a major long-term support level.
