$HYPE 15m price is moving down, open interest continues to rise, and volatility may accelerate.

15m price -0.14%, 15m open interest +0.08%; spot volume 42.56M, contract volume 558.03M.

New open interest has entered a declining phase, and short-term divergence remains evident.

Volume continues to expand while open interest keeps rising, so short-term volatility may remain elevated.