🔴 Hyperliquid Strategies is trading 4.68% down today as oil prices and Treasury yields rise

Hyperliquid Strategies is trading at $11.18, down 4.68%, amid a crypto pullback.

• October 8: the prior session fell 6.16%; Bitcoin and Ethereum are down 1.73% and 2.15%, respectively, since the last close.
• Coverage attributes the pullback to rising oil prices and Treasury yields, a stronger dollar, and risk-off sentiment amid Middle East tensions and hawkish Fed minutes.
• The CEO denied the company bought Hyperliquid Labs’ 3.75 million HYPE tokens in an OTC sale; the report does not link this to the share decline.