Daily fees up 29% can’t save a shrinking K.
$HYPE is at 80.2, down 0.7% today, about 3% off its high.
On-chain daily fees are about 4.48 million, up from 3.47 million, a 29% increase period over period.
HL positions are about 1.59 billion, with roughly 350 million added that day; density is 4.6.
Binance top-five buy/sell ratio is about 2.4—supportive, but not translating into a rally.
Hot fees, cold price—first, note the disconnect between cash flow and price.
The only rebuttal: the current price gets back above 82.5.
#HYPE费用 #PerpetualsTemperatureGap
$HYPE is at 80.2, down 0.7% today, about 3% off its high.
On-chain daily fees are about 4.48 million, up from 3.47 million, a 29% increase period over period.
HL positions are about 1.59 billion, with roughly 350 million added that day; density is 4.6.
Binance top-five buy/sell ratio is about 2.4—supportive, but not translating into a rally.
Hot fees, cold price—first, note the disconnect between cash flow and price.
The only rebuttal: the current price gets back above 82.5.
#HYPE费用 #PerpetualsTemperatureGap