- Falling interest rates threaten the rebound of the high-value stock market:

The number of active users conducting transactions on the Hyperliquid protocol peaked at 3,300 users in the first week of June, leading to increased interest in the token and contributing to the momentum that helped push it toward a record high.

However, in recent weeks, there has been a decline in the number of users making transactions on the blockchain, reaching about 1,650 users by Friday, which caused a drop in demand that fueled the rise. Prolonged inactivity on the blockchain could negatively impact Hyperliquid's short- and medium-term outlook.

Active Hyperliquid addresses | Source: DefiLlama
Demand for financial derivatives shows signs of ongoing decline, with the average open position size in futures contracts at $2.8 billion on Friday, down from $3 billion the previous day and $3.5 billion in early June. This decline in retail investor demand indicates a waning investor confidence in the HYPE index's ability to maintain its upward momentum, as market participants become more hesitant to open new buy positions.
#USIranTalksPostponed