Hyperliquid’s 12-hour spot net flows surged 353.49% to approximately $1.53 million positive, with inflows of $8.84 million against outflows of $7.31 million. This accumulation occurs as HYPE price trades around $56.58, attempting to break through the 100-day moving average near $56.65. Futures flows remain negative at $9.59 million, suggesting a reduction in leverage while underlying spot demand strengthens. The next major obstacle sits at the 50-day moving average near $60.69.
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