
The Mispricing $HYPE -4.13% in 24h. Funding: +0.0004%/8h. OI at $1.34B. Spot volume $61M. Perp/spot ratio: 5.3x. Options price downside risk at $60. Exactly where spot sits. That's a 0.6% buffer on a 64% IV. Shorts paying longs while OI stays elevated. The market is pricing a breakdown that options aren't hedging for. $64 reclaim kills the setup. $HYPE.
