Futuros Perpétuos — Page 2

He says Hyperliquid and beaten-down AI tokens like NEAR and TAO signal a renewed altcoin risk-on phase.

The contracts will settle against ICE’s Brent and WTI benchmark prices and mark the first product from the firms’ March partnership.

The USDT-margined perp is designed to track pre-IPO valuation signals, then shift to live share performance after listing.

The note argues HYPE is being valued as “just perps” despite Hyperliquid’s multi-asset ambitions and non-crypto-linked volume.

Annualized funding swung from +8% to -3% in days while weekly DEX volume and DApp revenue fell well below January levels.