$HYPE hit $18B open interest—ATH. Real signal: post-10/10 liquidation cascade, $BNB down 20% from pre-crash OI, Bybit down 50%. Hyperliquid above baseline. Capital didn't rotate back to CEXs.
$BTC/$ETH OI on platform: $200M → $7.2B. $12.6B volume yesterday, $7.6B USDC TVL. Manual borrows launched 10/18, $269M day one. $200M annual USDC buyback starts in 14 days. Circle deploying $15-20M to Assistance Fund Oct 3.
Kraken bringing HIP-3 markets to US—underpriced catalyst.
Position: long $HYPE spot from $19. No level hit yet.
$BTC/$ETH OI on platform: $200M → $7.2B. $12.6B volume yesterday, $7.6B USDC TVL. Manual borrows launched 10/18, $269M day one. $200M annual USDC buyback starts in 14 days. Circle deploying $15-20M to Assistance Fund Oct 3.
Kraken bringing HIP-3 markets to US—underpriced catalyst.
Position: long $HYPE spot from $19. No level hit yet.
