The global volume of crypto derivatives has smashed records, hitting $18.63 trillion in just one quarter!
$HYPE Official stats clearly show that price action is no longer decided in the spot market, but on the leverage boards.
Big money is really using Hyperliquid's perpetual contracts ($HYPE ) to hedge their portfolios against fluctuations in government bond rates, steering the technical direction of the market.

#HYPE #PerpetualTrading #Derivados