#CryptoMarket4T Hypeliquid (HYPE)

In July, Hypeliquid (HYPE) reached a new all-time high in open interest, amounting to $2.1 billion. The dominance of long positions on Binance and OKX indicates short-term optimism in the market.

The price of HYPE has been rising for six consecutive days, reaching a new high of $49.8 today. Traders are actively opening long positions, which increases the risk of liquidation in the event of a potential pullback.

The liquidation map shows that over $60 million in long positions could be liquidated if HYPE falls below $43.

In July, the price of HYPE followed Bitcoin. As BTC has now surpassed $122,000, its correction could trigger a more significant drop in HYPE and lead to large-scale liquidations.

I'll tell you more about SOL later.