Hyperliquid open interest has risen for nearly seven consecutive days, reaching its highest level since November 20, at approximately $7.73 billion.

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According to TechFlow, on December 12, according to on-chain analyst Ai Yi (@ai_9684xtpa), Hyperliquid's current open interest (OI) reached $7.73 billion.

Data shows that the "10.11 Insider Whale Address" alone accounts for 7.94% of the total Open Interest (OI). Since this insider address opened its position on December 7th, the OI growth rate has accelerated. OI has risen for the past seven days, reaching its peak since November 20th. Since the market bottomed out on November 21st, leverage has continued to increase, and OI growth has been consistent with price movements, exhibiting a high concentration on the Hyperliquid platform.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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