Joao Wedson: Hyperliquid open interest jumps by over $1 billion as CEXs see inflows

Joao Wedson: Hyperliquid open interest jumps by over $1 billion as CEXs see inflows
Hyperliquid open interest up over $1 billion

Open interest on Hyperliquid (HYPE) rose by more than $1 billion today, with most of the increase driven by Hyperliquid, Gate, and Binance.

Joao Wedson said that although Hyperliquid recorded a large gain in open interest, its share of the total declined, indicating that new capital is flowing in from centralized exchanges (CEXs).

Joao Wedson recently noted that Hyperliquid prices have dropped 15.86 percent since October 6. He previously suggested that altcoin season is not expected until 2027. These views provide context for his latest comments on capital flows between decentralized and centralized exchanges.

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