I also wrote Feire as a breakout pre-announcement.
$HYPE is about 91.9, nearly 0% per day;
OKX spot is about 41.3 million.
Agreement daily fee is about 3.96 million, the previous day about 2.5 million, about +58%.
HL reserves are about 1.99 billion; OKX reserves are only about 117 million.
Fees are being burned, reserves are piling up on the side—slopes first won’t be written.
#永续费用 #inventory layering