Altcoins Slide as 84.6% of High-Volume Contracts Decline

Altcoins slid as 77 of 91 Hyperliquid contracts with over $1 million in 24-hour volume declined, representing 84.6% of high-volume contracts. Open interest dropped across most markets, indicating reduced trader participation. The broad decline suggests a bearish day for altcoins on the Hyperliquid platform, with few exceptions.