$HYPE Recent price performance has seen some adjustments, but if you look at the platform data, you’ll notice another change.
According to Hyperliquid’s latest data, open interest over the past 30 days has continued to grow, while trading volume has declined compared to the previous period. Different indicators are starting to diverge, which also suggests that market views on HYPE are changing.
In the short term, price will still be influenced by market sentiment, but platform data more often reflects how capital is participating. What’s worth watching next isn’t just whether $HYPE is going up or down, but whether these core metrics can continue to hold their current pace.
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