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Hyperliquid’s Open Interest Explodes to $4.9B as Crypto Bulls Charge Back
Hyperliquid’s Open Interest Explodes to $4.9B as Crypto Bulls Charge Back
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Crypto traders are piling back in—Hyperliquid’s open interest just smashed records at $4.9 billion. Someone’s feeling frisky with their leverage.
Here’s the breakdown:
• Derivatives frenzy: Open interest spikes as BTC flirts with $65K again. Guess those ’crypto is dead’ hot takes aged like milk.
• Market psychology 101: When perpetual swaps get this juicy, even Wall Street’s ’risk managers’ start YOLO-ing client funds.
Closing thought: Nothing screams ’healthy market’ like billions in leveraged bets while the SEC still can’t define a security. Onward to the next liquidity cascade.
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