$HYPE listed on Binance spot for 18 hours; the price is still hovering near the opening range, but new trading activity has already ebbed.
In the first 6 hours, turnover was about $17.10 million; in the most recent complete 6 hours, it dropped to $3.36 million, a contraction of 80.4%. Aggressive buying has fallen to 47.5%.
The “new liquidity entry point” that Square has been discussing has already materialized. At the moment, the market is only pricing in tradable channels, and there hasn’t been any sustained chasing.
There is currently no trading edge. If the next complete 6 hours’ turnover returns to above $7 million, aggressive buying rises to 52%, and it moves above $94, then the current assessment would be invalidated. A break below $90.66 would indicate that the first-day support has failed.
#HYPE #Hyperliquid #Binance new listing
In the first 6 hours, turnover was about $17.10 million; in the most recent complete 6 hours, it dropped to $3.36 million, a contraction of 80.4%. Aggressive buying has fallen to 47.5%.
The “new liquidity entry point” that Square has been discussing has already materialized. At the moment, the market is only pricing in tradable channels, and there hasn’t been any sustained chasing.
There is currently no trading edge. If the next complete 6 hours’ turnover returns to above $7 million, aggressive buying rises to 52%, and it moves above $94, then the current assessment would be invalidated. A break below $90.66 would indicate that the first-day support has failed.
#HYPE #Hyperliquid #Binance new listing
