Hyperliquid is the 11th-largest crypto on earth — and one of this weekend’s most-searched coins. So why did its U.S. spot ETFs just leak another $8 million?
On Friday, November 6, the three U.S. spot funds saw about $8 million leave, a third straight session of redemptions. Bitwise’s BHYP took roughly $7.1 million of that. Over 30 days the complex has bled about $58.8 million, yet it still holds around $386 million in net assets.
$HYPE is sitting near $77.42 after Wednesday’s 8.6% flush from the mid-$83s. What most people miss: perpetual open interest is still about $1.7 billion, and funding remains positive near 10% annualized. Traders are paying to stay long after the dump — the same crowd psychology that turns a thin Sunday tape into a trap.
Is $77.42 a base after forced de-risking, or are leveraged longs pretending the ETF bid never left?
Not financial advice.
#HYPE #Hyperliquid #ETF #CryptoMarket #Altcoins
On Friday, November 6, the three U.S. spot funds saw about $8 million leave, a third straight session of redemptions. Bitwise’s BHYP took roughly $7.1 million of that. Over 30 days the complex has bled about $58.8 million, yet it still holds around $386 million in net assets.
$HYPE is sitting near $77.42 after Wednesday’s 8.6% flush from the mid-$83s. What most people miss: perpetual open interest is still about $1.7 billion, and funding remains positive near 10% annualized. Traders are paying to stay long after the dump — the same crowd psychology that turns a thin Sunday tape into a trap.
Is $77.42 a base after forced de-risking, or are leveraged longs pretending the ETF bid never left?
Not financial advice.
#HYPE #Hyperliquid #ETF #CryptoMarket #Altcoins
