What CoinGraph said about hyperliquid, exactly as issued.

{
  "id": "1904",
  "token": {
    "id": "hyperliquid"
  },
  "headline": "HYPE flat at $78 (-0.45%) despite 3x Binance spot volume; OI and funding steady",
  "brief": {
    "caveats": [
      "Volume figures cover Binance spot only, and Hyperliquid's own venue volume is not included",
      "The taker buy/sell ratio was unavailable, so we cannot tell which side drove the volume",
      "There is no news or wallet-flow evidence in this dataset"
    ],
    "onchain": [
      {
        "text": "DefiLlama TVL: Hyperliquid Spot Orderbook is $138.4M, down 6.29% in 1d and 16.59% in 7d. Bridge TVL is $6.7B (-0.35% 1d, -3.51% 7d) and HLP is flat at $177.8M.",
        "evidence": [
          "E10"
        ]
      },
      {
        "text": "Ethereum gas is low: base fee 0.03 gwei against a 24h average of 0.06, and blocks are 50% full. This tells us nothing specific about HYPE.",
        "evidence": [
          "E7"
        ]
      }
    ],
    "summary": "HYPE moved in a tight $77.90–$78.32 range and ended the 2h window down 0.45% at $77.97, lagging BTC (+0.35%) and ETH (+0.79%). Binance spot volume ran about 3x its usual hourly level, but price barely moved, open interest was unchanged, funding was normal and liquidations were tiny, so the volume spike shows no clear direction. In the bigger picture HYPE is down 8.7% over 7 days and spot-orderbook TVL is falling.",
    "headline": "HYPE flat at $78 (-0.45%) despite 3x Binance spot volume; OI and funding steady",
    "severity": 1,
    "direction": "neutral",
    "confidence": 0.6,
    "watch_next": [
      "Whether the elevated spot volume breaks the $77.90 low or the $78.32 high",
      "Binance OI and funding: if OI rises while price falls, new shorts are opening",
      "Top-trader long skew (2.13) unwinding if price slips further",
      "Spot Orderbook TVL continuing to fall"
    ],
    "likely_causes": [
      {
        "cause": "The evidence does not explain the slight underperformance. Heavy volume with little price change looks like two-way trading or position rotation, not one-sided selling.",
        "evidence": [
          "E1",
          "E2",
          "E3",
          "E6"
        ],
        "confidence": 0.5
      },
      {
        "cause": "Possible carry-over from the weaker multi-day trend (24h -2.83%, 7d -8.7%) while the overall market fell 3.48% in 24h. HYPE did not join BTC and ETH's small bounce inside the window.",
        "evidence": [
          "E1",
          "E8"
        ],
        "confidence": 0.35
      }
    ],
    "what_happened": [
      {
        "text": "Price traded between $77.90 and $78.32 and closed the window at $77.97 (-0.45%). It was down 0.2% over 1h, 2.83% over 24h and 8.7% over 7d, and sits about 20% below its $97.96 ATH.",
        "evidence": [
          "E1"
        ]
      },
      {
        "text": "Binance HYPE/USDT traded $2.7M in the last hour, against a typical hour of $901K (3.0x). The busiest minute was 22:41 with $484K, and price moved only -0.166% in that minute.",
        "evidence": [
          "E2"
        ]
      },
      {
        "text": "Three medium volume_spike signals fired at 23:29, 23:30 and 23:45, with 15m volume at 3.4–4.5x the 24h median.",
        "evidence": [
          "E12"
        ]
      }
    ],
    "market_context": [
      {
        "text": "Over the window BTC rose 0.35% and ETH rose 0.79%. Total crypto market cap is down 3.48% in 24h. HYPE is on CoinGecko's trending searches list.",
        "evidence": [
          "E8"
        ]
      },
      {
        "text": "Derivatives look calm. Binance OI is $388.5M (0% over 1h, -0.89% over 4h). Funding per 8h is normal at 0.003–0.01%. Only $933 of long liquidations occurred.",
        "evidence": [
          "E3",
          "E4",
          "E6"
        ]
      },
      {
        "text": "Positioning leans long: the all-account long/short ratio is 1.59 and top traders by position are at 2.13. Fear & Greed is 55 (Greed), down from 64 a week ago.",
        "evidence": [
          "E5",
          "E9"
        ]
      }
    ]
  },
  "evidence": {
    "name": "Hyperliquid",
    "items": [
      {
        "id": "E1",
        "data": {
          "ath": 97.96,
          "low": 77.9,
          "high": 78.32,
          "rank": 11,
          "as_of": "2026-10-17T23:45:00.000Z",
          "price": 77.97,
          "path_15m": [
            {
              "t": "2026-10-17T21:45:00.000Z",
              "price": 78.32
            },
            {
              "t": "2026-10-17T22:00:00.000Z",
              "price": 77.93
            },
            {
              "t": "2026-10-17T22:15:00.000Z",
              "price": 78.05
            },
            {
              "t": "2026-10-17T22:30:00.000Z",
              "price": 78.28
            },
            {
              "t": "2026-10-17T22:45:00.000Z",
              "price": 78.13
            },
            {
              "t": "2026-10-17T23:00:00.000Z",
              "price": 78.18
            },
            {
              "t": "2026-10-17T23:15:00.000Z",
              "price": 78.09
            },
            {
              "t": "2026-10-17T23:30:00.000Z",
              "price": 77.9
            },
            {
              "t": "2026-10-17T23:45:00.000Z",
              "price": 77.97
            }
          ],
          "market_cap": 17342313354,
          "volume_24h": 439836583,
          "change_1h_pct": -0.20478689363880712,
          "change_7d_pct": -8.70023419203747,
          "change_24h_pct": -2.83004,
          "window_return_pct": -0.45
        },
        "kind": "price",
        "source": "coingecko:/coins/markets",
        "summary": "HYPE $78 now; -0.45% over the window (high $78.3, low $77.9); 1h -0.2%, 24h -2.83%, 7d -8.7%; rank #11, market cap $17.3B, 24h volume $439.8M"
      },
      {
        "id": "E2",
        "data": {
          "ratio": 3.0249944547096987,
          "venue": "binance",
          "symbol": "HYPE/USDT",
          "volume_1h_usd": 2725841.41005,
          "busiest_minutes": [
            {
              "v": "484253.65937",
              "ts": "2026-10-17T22:41:00.000Z",
              "ret": "-0.166",
              "close": "78.12"
            },
            {
              "v": "241557.23108",
              "ts": "2026-10-17T22:54:00.000Z",
              "ret": "0.077",
              "close": "78.29"
            },
            {
              "v": "175298.62075",
              "ts": "2026-10-17T23:18:00.000Z",
              "ret": "-0.319",
              "close": "78.04"
            },
            {
              "v": "165675.79076",
              "ts": "2026-10-17T22:07:00.000Z",
              "ret": "0.064",
              "close": "77.98"
            },
            {
              "v": "164480.51684",
              "ts": "2026-10-17T22:42:00.000Z",
              "ret": "0.128",
              "close": "78.23"
            }
          ],
          "volume_window_usd": 6584068.77567,
          "median_hourly_24h_usd": 901106.25023
        },
        "kind": "spot_volume",
        "source": "binance:klines:1m",
        "summary": "binance HYPE/USDT: $2.7M traded in the last hour vs a typical hour of $901.1K (3.0×); busiest minutes: 22:41 $484.3K (-0.166%), 22:54 $241.6K (+0.077%), 23:18 $175.3K (-0.319%), 22:07 $165.7K (+0.064%), 22:42 $164.5K (+0.128%)"
      },
      {
        "id": "E3",
        "data": {
          "as_of": "2026-10-17T23:40:00.000Z",
          "change_1h_pct": 0,
          "change_4h_pct": -0.89,
          "open_interest_usd": 388526959.93250513
        },
        "kind": "open_interest",
        "source": "binanceusdm:openInterestHist:5m",
        "summary": "Binance futures open interest $388.5M: 0% vs 1h ago, -0.89% vs 4h ago"
      },
      {
        "id": "E4",
        "data": {
          "rates": [
            {
              "venue": "binanceusdm",
              "symbol": "HYPE/USDT:USDT",
              "funding_rate_pct": 0.00321
            },
            {
              "venue": "bybit",
              "symbol": "HYPE/USDT:USDT",
              "funding_rate_pct": 0.009807999999999999
            },
            {
              "venue": "okx",
              "symbol": "HYPE/USDT:USDT",
              "funding_rate_pct": 0.01
            }
          ]
        },
        "kind": "funding",
        "source": "ccxt:fetchFundingRates",
        "summary": "Funding per 8h: binanceusdm 0.0032%, bybit 0.0098%, okx 0.0100% (positive = longs pay; ~0.01% is normal)"
      },
      {
        "id": "E5",
        "data": {
          "as_of": "2026-10-17T23:40:00.000Z",
          "taker_buy_sell": null,
          "global_long_short": 1.5867,
          "top_account_long_short": 1.9028,
          "top_position_long_short": 2.1325
        },
        "kind": "positioning",
        "source": "binanceusdm:futuresSentiment:5m",
        "summary": "Binance positioning: all accounts long/short 1.59, top traders by position 2.13, taker buy/sell undefined (>1 = net buying)"
      },
      {
        "id": "E6",
        "data": {
          "count": 1,
          "longs_usd": 932.6999999999999,
          "total_usd": 932.6999999999999,
          "shorts_usd": 0,
          "largest_usd": 932.6999999999999
        },
        "kind": "liquidations",
        "source": "okx+binance:liquidations",
        "summary": "1 forced liquidations worth $932.7 in the window: $932.7 longs, $0 shorts; largest $932.7"
      },
      {
        "id": "E7",
        "data": {
          "as_of": "2026-10-17T23:32:00.000Z",
          "chain": "eth",
          "base_fee_gwei": 0.034886260186666664,
          "gas_used_ratio": 0.5046214272435858,
          "avg_base_fee_24h_gwei": 0.06191525835402778,
          "priority_fee_p50_gwei": 0.016334483759999997
        },
        "kind": "network_fees",
        "source": "nownodes:eth:eth_feeHistory",
        "summary": "ETH base fee 0.03 gwei (24h average 0.06), blocks 50% full"
      },
      {
        "id": "E8",
        "data": {
          "trending": true,
          "categories": [
            "Decentralized Exchange (DEX)",
            "Smart Contract Platform",
            "Exchange-based Tokens",
            "Decentralized Finance (DeFi)",
            "Derivatives",
            "Perpetuals",
            "Layer 1 (L1)",
            "Proof of Stake (PoS)",
            "Hyperliquid Ecosystem",
            "Governance"
          ],
          "btc_change_24h_pct": -0.325,
          "btc_window_return_pct": 0.35,
          "eth_window_return_pct": 0.79,
          "global_market_cap_change_24h_pct": -3.48339279070041
        },
        "kind": "market_context",
        "source": "coingecko:/coins/markets+/global",
        "summary": "Market: BTC +0.35% and ETH +0.79% over the same window; total crypto market cap -3.48% in 24h; HYPE is in CoinGecko's trending searches; categories: Decentralized Exchange (DEX), Smart Contract Platform, Exchange-based Tokens, Decentralized Finance (DeFi)"
      },
      {
        "id": "E9",
        "data": {
          "day": "2026-10-17T00:00:00.000Z",
          "value": 55,
          "week_ago": 64,
          "classification": "Greed"
        },
        "kind": "market_mood",
        "source": "alternative.me:/fng",
        "summary": "Crypto Fear & Greed index 55 (Greed) today, 64 a week ago"
      },
      {
        "id": "E10",
        "data": {
          "protocols": [
            {
              "name": "Hyperliquid Bridge",
              "tvl_usd": 6728413961.358759,
              "category": "Bridge",
              "protocol": "hyperliquid-bridge",
              "change_1d_pct": -0.34945735362708774,
              "change_7d_pct": -3.51331042059536
            },
            {
              "name": "Hyperliquid HLP",
              "tvl_usd": 177833641.0866028,
              "category": "Derivatives",
              "protocol": "hyperliquid-hlp",
              "change_1d_pct": 0.03954321998824639,
              "change_7d_pct": -1.6240232941129733
            },
            {
              "name": "Hyperliquid Spot Orderbook",
              "tvl_usd": 138386647.07745364,
              "category": "Dexs",
              "protocol": "hyperliquid-spot-orderbook",
              "change_1d_pct": -6.287900803210533,
              "change_7d_pct": -16.588159803382425
            }
          ]
        },
        "kind": "protocol_tvl",
        "source": "defillama:/protocols",
        "summary": "Protocol TVL (DefiLlama): Hyperliquid Bridge $6.7B (-0.35% 1d, -3.51% 7d); Hyperliquid HLP $177.8M (+0.04% 1d, -1.62% 7d); Hyperliquid Spot Orderbook $138.4M (-6.29% 1d, -16.59% 7d)"
      },
      {
        "id": "E11",
        "data": {
          "as_of": "2026-10-17T00:00:23.735Z",
          "forks": null,
          "stars": null,
          "commits_4w": null,
          "prs_merged": null,
          "sentiment_up_pct": 55.56,
          "twitter_followers": null,
          "reddit_subscribers": null
        },
        "kind": "dev_and_community",
        "source": "coingecko:/coins/{id}",
        "summary": "developer activity: not tracked by CoinGecko for this coin; CoinGecko sentiment 56% positive (as of 2026-10-17)"
      },
      {
        "id": "E12",
        "data": {
          "signals": [
            {
              "id": "118052",
              "kind": "volume_spike",
              "ratio": 4.41,
              "value": 920816,
              "details": {
                "median_15m_24h": 208639,
                "volume_usd_15m": 920816
              },
              "baseline": 208639,
              "event_ts": "2026-10-17T23:29:54.016Z",
              "severity": 2,
              "direction": "neutral"
            },
            {
              "id": "118060",
              "kind": "volume_spike",
              "ratio": 4.48,
              "value": 934883,
              "details": {
                "median_15m_24h": 208639,
                "volume_usd_15m": 934883
              },
              "baseline": 208639,
              "event_ts": "2026-10-17T23:30:52.708Z",
              "severity": 2,
              "direction": "neutral"
            },
            {
              "id": "118073",
              "kind": "volume_spike",
              "ratio": 3.44,
              "value": 718323,
              "details": {
                "median_15m_24h": 208639,
                "volume_usd_15m": 718323
              },
              "baseline": 208639,
              "event_ts": "2026-10-17T23:45:53.350Z",
              "severity": 2,
              "direction": "neutral"
            }
          ]
        },
        "kind": "signals",
        "source": "coingraph:signals",
        "summary": "Triggered by: volume_spike (neutral, medium) at 23:29; volume_spike (neutral, medium) at 23:30; volume_spike (neutral, medium) at 23:45"
      }
    ],
    "symbol": "HYPE",
    "window_to": "2026-10-17T23:46:09.028Z",
    "gathered_at": "2026-10-17T23:46:25.704Z",
    "window_from": "2026-10-17T21:46:09.028Z",
    "coingecko_id": "hyperliquid"
  },
  "model": "claude-opus-5-5"
}