Hyperliquid perpetual contracts show NVDA under pressure before the open.
Original headlineHyperliquid 永续合约显示 NVDA 开盘前承压
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Hyperliquid's on-chain NVDA perpetual futures pointed to further downside pressure ahead of the November 9 open, with concentrated shorting on HIP-3 and more than a day of heavy weekend selling pushing the xyz:NVDA contract into the $178 range and as low as $175 before buyers stepped in. Open interest on the contract stood at roughly $128 million as of November 9. NVDA premarket traded at $186.64, down from its prior range above $200. The move matters because it shows on-chain derivatives pricing equity sentiment around the clock, ahead of the underlying stock's open. Next, watch whether the $175 low holds and whether premarket levels converge with the perpetual contract.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
NVIDIA (NVDA), Hyperliquid (HYPE), NVDA (NVDA), Polymarket, Jensen Huang
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