HYPE open interest soars by 30% — Hyperliquid bulls prepping for new highs?

Hyperliquid's HYPE token saw open interest jump 30%, though token dilution and increasing bearish bets may prevent a rally above $70. HYPE currently trading around $61-66.

Source: https://cointelegraph.com/markets/hype-open-interest-soars-by-30-are-hyperliquid-bulls-prepping-for-new-price-highs