$HYPE Right now, the most interesting thing is that two representative markets are pricing it completely differently.
On Binance Futures, most traders are short, and the funding rate is negative.
On Hyperliquid, most traders are long, and the funding rate is positive.
Binance traders see the price has pumped too much, valuations are overpriced, and there's pressure on alts to correct.
On-chain, Hyperliquid traders are focused on volume, revenue, buybacks, ecosystem stickiness, and the pricing power of perpetual contracts.
These kinds of divergences can easily amplify volatility; if the price holds, the negative funding rate shorts on Binance could become fuel for the next move. Are you going long or short? Why? #特朗普称美伊和平协议基本谈妥 #hype
On Binance Futures, most traders are short, and the funding rate is negative.
On Hyperliquid, most traders are long, and the funding rate is positive.
Binance traders see the price has pumped too much, valuations are overpriced, and there's pressure on alts to correct.
On-chain, Hyperliquid traders are focused on volume, revenue, buybacks, ecosystem stickiness, and the pricing power of perpetual contracts.
These kinds of divergences can easily amplify volatility; if the price holds, the negative funding rate shorts on Binance could become fuel for the next move. Are you going long or short? Why? #特朗普称美伊和平协议基本谈妥 #hype