Hyperliquid Contract Market Turns Conservative, Some Altcoin Funding Rates Turn Negative

BlockBeats News, October 13, according to HyperInsight monitoring, the cryptocurrency market has generally rebounded over the past 24 hours, with trading volume significantly increasing. On the Hyperliquid platform, short positions were liquidated for a total of $62.5 million. The combined trading volume of the three major cryptocurrencies—BTC, ETH, and SOL—reached $8.666 billion. Notably, possibly influenced by recent market volatility, contract sentiment remains relatively cautious. From the 24-hour trading leaderboard, the prices of tokens such as SOL, DOGE, BNB, and ASTER have shown varying degrees of growth, but funding rates remain negative. On the other hand, the 24-hour trading volumes of ZEC and HYPE have decreased by 23.87% and 18.77%, respectively, with their open interest also showing relatively weak performance.