Hyperliquid takes 60% perp market share: Can HYPE’s rally last?
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Hyperliquid (HYPE) has captured 60% of the perpetual market share, trading at approximately $33.8 after a 9% increase in 24 hours and over 50% from last week's lows. The recent rally is attributed to reduced sell pressure from major wallets and significant buying from Data traders. Hyperliquid's liquidity now surpasses Binance, and its exposure to gold and silver markets further strengthens its position. The technical indicators show bullish momentum, with a breakout from the $22-$23 range and an RSI around 90.
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