The Hyperliquid contract market is becoming conservative, and the funding rate remains cautious despite higher trade volumes.

On October 13, according to HyperInsight monitoring, the cryptocurrency market as a whole has warmed up in the past 24 hours, with trading volume significantly increasing. The amount of short orders liquidated on the Hyperliquid platform reached 62.5 million USD, with a total transaction volume of 8.666 billion USD for the three major mainstream tokens: BTC, ETH, and SOL. It is worth noting that despite the overall market warming, contract sentiment remains conservative. In the 24-hour transaction leaderboard, while assets such as SOL, DOGE, BNB, and ASTER saw price increases, the funding rate remains negative, reflecting a weak willingness to go long in the market. Additionally, the transaction volumes for ZEC and HYPE fell by 23.87% and 18.77% respectively, with holdings also showing weakness, indicating that some funds are withdrawing from related contracts.