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Flow vs Price $HYPE $86.97, +3.19% in 24h Perp volume on Hyperliquid hit $1.075B against $1.921B open interest, turnover ratio near 0.56. Spot across all venues did $1.4B. Spot is carrying this move, not leverage. ETF added $0.6M Tue, buybacks $76.45M over 30d. Loses $82 and the bid is gone. $HYPE

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