Hyperliquid Still Rules the Perps Market, but HYPE Bulls Face Trouble

Crypto Insight Summary: Hyperliquid’s HYPE token has retreated roughly 22% from its September record near $98, even as the decentralized trading platform commands approximately $7.7 billion in open interest. With a $17 billion market capitalization, billions in cumulative trading fees, and an aggressive token buyback program, Hyperliquid still remains a heavyweight. Yet shrinking market share in real-world asset […] Crypto Insight Analysis: Direction: Bearish HYPE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: 22% price decline signals bearish momentum despite platform's strong metrics.