$HYPE Futures Trading Activity Hits All-Time High Amid Record Spot Price

Hyperliquid ($HYPE), a cryptocurrency futures trading platform, has seen its trading activity reach an all-time high. According to CoinGlass data, the Open Interest (OI) in $HYPE futures has surpassed the previous record of $2.59 billion set in September.

The increase in OI is largely driven by the spot price reaching a new high of $62.58 on Thursday, which has fueled retail participation in the market. As a result, the positional buildup in $HYPE futures has increased significantly, suggesting leverage-driven upside anticipation.