Crypto
Hyperliquid OI Surges to $8.5B as Hype Price Targets $98
Hype's derivatives market is showing signs of recovery as open interest (OI) on Hyperliquid reaches $8.5 billion, nearing its July 2025 peak of approximately $10 billion.
This increase from the $3-$4 billion range where OI previously bottomed out suggests that traders have returned to the platform with greater derivatives exposure.
The rise in open interest is accompanied by a repeated consolidation-and-pump pattern, which has drawn attention to HYPE's technical setup. According to Master of Crypto, this pattern could lead to renewed price action and potentially take HYPE towards the $98-$100 area.