Hyperliquid (HYPE) hit a new all-time high of roughly $96, approaching the psychological $100 level. The token quickly recovered the $80 level after consolidating around $77-$78, and broke previous records between $87 and $90. On the fundamental side, the platform recorded $269 million in loans on the first day of its manual borrowing system, with over $400 million in liquidity supplied. Total open interest reached $14.3 billion and the ecosystem gained approximately $945 million in value over one year. Three scenarios are envisioned: direct price discovery beyond $96, consolidation between $90 and $96, or a more thorough test toward $85-$87 and then $80-$82.
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