Nvidia perpetual futures slide about 3% on Hyperliquid

Nvidia perpetual futures on Hyperliquid fell about 3%, underscoring the volatility of leveraged crypto derivatives tied to traditional equity exposure. The move affects trader positioning and risk management on the decentralized exchange, where synthetic equity products have drawn growing volume. It matters because these markets let crypto traders express views on Nvidia without holding the stock, amplifying sensitivity to sentiment swings. Watch whether the decline extends or reverses, and whether funding rates and open interest on Hyperliquid signal further deleveraging.