The Israeli airstrike happened on Sunday, and the New York Mercantile Exchange completely shut down. Investors couldn’t hedge and had to wait until Monday to be forcibly liquidated at extreme price levels. Hyperliquid didn’t close. The perpetual crude oil contracts kept running, and by the time CME reopened, prices had basically aligned with on-chain movements. HYPE surged over 25% against the trend in these 48 hours. Author: @JulianLuck1121