$32 bounce looks fragile under heavy OI
Hyperliquid’s HYPE price is currently trading near $32 after a failed breakout, with leverage and weak spot volume skewing risk toward deeper downside. Summary HYPE is sitting around $32, down over 7% in 24 hours and 11% weekly, far below its $59 peak. Shrinking spot volume and heavy derivatives open interest point to a leverage‑driven,
