A post by @FirstSquawk on X.

Hyperliquid’s Nvidia perpetual futures fell about 3%, according to market data cited by First Squawk, signaling fresh downside pressure in the venue’s synthetic exposure to the chipmaker. The move matters because Hyperliquid’s perps give crypto traders around-the-clock, leveraged access to Nvidia price action outside U.S. equity hours, making them a real-time gauge of sentiment toward the AI trade. With only the percentage decline disclosed, traders will watch whether the discount persists when traditional markets open and whether funding rates and open interest build on the move.