$HYPE JUST TOOK A RECORD 11.9% OF PERP OPEN INTEREST

Hyperliquid’s perp market share is at an all-time high, with around $200B in 30-day volume.

But price isn’t celebrating.

HYPE is around $86.05, down 2.88%, and the chart just lost its rising trendline.

Reclaim $89–90 → strength could return.
Lose $84.80 → more downside risk.

Record market share, but weak price action.

#HyperLiquid