Hyperliquid Strategies is trading 4.23% down at $13.35 as crypto markets weaken and investors react to higher Treasury yields and renewed rate concerns. - BTC fell 1.37% since the previous close and 3.14% over 24 hours; ETH declined 1.38% and 3.71%, respectively. - The latest surfaced company report highlighted strong Q4 net income, not a negative catalyst, supporting a broader risk-off explanation.