HYPE sustainability overview
#HYPE 74.2 (14:48), +5% in 24 hours.
The market is falling: ETH -2.3%, BNB -2%
Since Sunday's close on 08.11 ($74), HYPE has been flat, while BTC has lost 6.5% over the same period.
The rise was driven by futures.
OI in coins has not increased: 45.1M versus 45.2M this morning. On Binance, OI fell from 5.35M to 5.14M coins, as traders are closing short positions. Funding was +0.0095% this morning and is now -0.0029%: new shorts are being opened as the price rises.
Selling pressure has eased.
08.11 Binance opened HYPE withdrawals.
10.11 HYPE was listed on Upbit and Bithumb.
Buybacks have declined.
On 12.11, 21.2K HYPE ($1.53M) was bought back; on 09.11, it was about 37K per day. Hyperliquid benefits from market volatility, but the 24-hour rise was not driven by buybacks.
The launch of Elysium (an L2 with HYPE as gas, 09.11) has had little impact on the price.
#HYPE 74.2 (14:48), +5% in 24 hours.
The market is falling: ETH -2.3%, BNB -2%
Since Sunday's close on 08.11 ($74), HYPE has been flat, while BTC has lost 6.5% over the same period.
The rise was driven by futures.
OI in coins has not increased: 45.1M versus 45.2M this morning. On Binance, OI fell from 5.35M to 5.14M coins, as traders are closing short positions. Funding was +0.0095% this morning and is now -0.0029%: new shorts are being opened as the price rises.
Selling pressure has eased.
08.11 Binance opened HYPE withdrawals.
10.11 HYPE was listed on Upbit and Bithumb.
Buybacks have declined.
On 12.11, 21.2K HYPE ($1.53M) was bought back; on 09.11, it was about 37K per day. Hyperliquid benefits from market volatility, but the 24-hour rise was not driven by buybacks.
The launch of Elysium (an L2 with HYPE as gas, 09.11) has had little impact on the price.
