#比特币技术分析 Hyperliquid's recent operation is indeed interesting. Once the new mark price calculation method for the pre-market was released, the funding rates for XPL and WLFI skyrocketed. XPL rose from 11% to 800%, and WLFI increased from 11% to 100%, and this fluctuation is truly astonishing.

It seems to be aimed at improving system robustness, but it will certainly cause significant market fluctuations in the short term. For those of us who have been observing the market for a long time, this change is both a challenge and an opportunity.

Currently, XPL and WLFI are both exhibiting significant premiums on Hyperliquid, exceeding Binance by 22.6% and 13.6%, respectively. This price difference is likely to be seized by arbitrageurs in the short term. However, it is also important to be cautious of the risks brought by a surge in funding rates, especially as the pressure on long positions could be quite substantial.

At this time, it is even more important to remain calm, carefully observe the market reactions, and pay special attention to the movements of large holders. It may be wise to consider moderately reducing positions to control risks, while closely monitoring Hyperliquid's subsequent policy adjustments. After all, in such a high Fluctuation environment, even a small change can have a huge impact. Staying vigilant and being ready to adjust strategies at any time is key to winning in such a situation.