#Hyperliquid

【Something interesting is happening in HYPE options 👀】

While Bitcoin $BTC continues to climb, the options data for $HYPE is starting to look very interesting — so I wanted to share it.

$HYPE has gained around 5% over the past 24 hours and is now approaching $100.

Of course, we can already see some signs of momentum slowing around the $100 level.

But here’s where it gets interesting...

The options market is showing bullish positioning much further out.

According to Derive’s Premium Matrix, significant premium has been building at the $125 and $150 strikes.

For the March 26, 2027 expiry, open premium stands at approximately:

🔥 $125 → $989K
🔥 $150 → $849K

Both strikes are far above today’s trading level.

It looks like some options traders are positioning for HYPE to move well beyond $100 over the longer term.

The $100 level may only be the beginning... 👀

Source: Derive

For more of my market analysis, check out:
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