Hyperliquid Open Interest Surpasses 12 Trillion Won... Bitcoin Leverage Positions Also at All-Time High

Minseung Kang

Summary

It was reported that Hyperliquid's open interest surpassed $8.9 billion, reaching an all-time high.
Bitcoin also accounted for $11.5 billion in 24-hour trading volume, expanding its influence.
It was analyzed that macro variables such as easing trade tensions between the US and China have influenced the increase in Bitcoin demand.

The open interest (OI) of the decentralized derivatives exchange Hyperliquid has surpassed $8.9 billion (approximately 12.2811 trillion won), reaching an all-time high. Hyperliquid is an on-chain derivatives trading platform using order book-based L2 infrastructure.

On the 22nd (local time), the cryptocurrency specialist media Crypto News reported, "The open interest at Hyperliquid has exceeded $8.9 billion, marking an all-time high," and "The 24-hour trading volume totaled $19.15 billion, with Bitcoin accounting for $11.5 billion."

This surge coincides with Bitcoin surpassing $111,000 in the early Asian market, setting a new all-time high. The media analyzed, "In the midst of macro variables such as easing trade tensions between the US and China and Moody's downgrade of the US credit rating, demand for Bitcoin is flocking as an alternative investment."

Meanwhile, open interest refers to contracts in derivatives like futures and options that have not yet been settled. An increase in open interest indicates that funds are flowing into the market.

BTC