🚨 HYPE just hit a new all-time high of $88. Open interest surged to $14.3 billion—only one step away from the historical peak. Can it break through this time?
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👀 One-sentence update: Hyperliquid ecosystem token HYPE just touched a new $88 all-time high. Market cap is nearing $20 billion, and this month’s gain is already over 50%.
📊 Making the numbers concrete: Open interest (OI) across the entire ecosystem jumped to $14.3 billion—just one step away from the $14.7 billion peak in October 2025. As recently as September 6, 9.92 million HYPE (about $82 million) were unlocked, yet the market still absorbed it smoothly: prices didn’t drop—they rose.
🔥 What’s behind the numbers: Solid backing from real buy-and-burn activity—over the past 24 hours, the protocol repurchased and burned 15,350 HYPE (about $1.32 million, average price $86.17). Since listing, a total of 48.45 million HYPE have been burned, accounting for 4.84% of the maximum supply. The long/short positioning ratio also tells the story: longs hold roughly $74 million, while shorts are only $15 million.
💡 What’s truly worth watching isn’t a new price high—it’s how fast OI is recovering: in the last 30 days, it increased by $3.57 billion, suggesting leveraged capital is flowing back into the derivatives mainline in a systematic way—not just sporadic, point-in-time speculation.
⚠️ A bucket of cold water: The closer OI gets to the peak, the more you need to be careful. After the last time OI hit $14.7 billion, it plunged 56% in a single day to $6.5 billion. Unlocking supply is only “temporarily” absorbed—once price breaks below $82 (the high-density liquidity zone), profit-taking and leverage could knock into each other.
👀 Do you think HYPE can break the previous high and keep going, or will it stall around $90? Drop your thoughts in the comments 👇
Click the avatar to watch the live stream + join the 玖玖 chat group to get daily strategies 🚀
#hype #Hyperliquid #加密市场
Group: 点击进入玖玖的粉丝群
👀 One-sentence update: Hyperliquid ecosystem token HYPE just touched a new $88 all-time high. Market cap is nearing $20 billion, and this month’s gain is already over 50%.
📊 Making the numbers concrete: Open interest (OI) across the entire ecosystem jumped to $14.3 billion—just one step away from the $14.7 billion peak in October 2025. As recently as September 6, 9.92 million HYPE (about $82 million) were unlocked, yet the market still absorbed it smoothly: prices didn’t drop—they rose.
🔥 What’s behind the numbers: Solid backing from real buy-and-burn activity—over the past 24 hours, the protocol repurchased and burned 15,350 HYPE (about $1.32 million, average price $86.17). Since listing, a total of 48.45 million HYPE have been burned, accounting for 4.84% of the maximum supply. The long/short positioning ratio also tells the story: longs hold roughly $74 million, while shorts are only $15 million.
💡 What’s truly worth watching isn’t a new price high—it’s how fast OI is recovering: in the last 30 days, it increased by $3.57 billion, suggesting leveraged capital is flowing back into the derivatives mainline in a systematic way—not just sporadic, point-in-time speculation.
⚠️ A bucket of cold water: The closer OI gets to the peak, the more you need to be careful. After the last time OI hit $14.7 billion, it plunged 56% in a single day to $6.5 billion. Unlocking supply is only “temporarily” absorbed—once price breaks below $82 (the high-density liquidity zone), profit-taking and leverage could knock into each other.
👀 Do you think HYPE can break the previous high and keep going, or will it stall around $90? Drop your thoughts in the comments 👇
Click the avatar to watch the live stream + join the 玖玖 chat group to get daily strategies 🚀
#hype #Hyperliquid #加密市场
