NewsMV
Manual borrowing is now live on Hyperliquid, letting users post HYPE and Bitcoin as collateral to borrow stablecoins against those positions. HYPE set a record at $90.92 after the feature launched.
The structure lets holders access stablecoin liquidity without selling the underlying token. That matters in a session where the collateral itself is at a record.
Demand from users building borrowing positions and demand from outright buyers both show up in the same tape, and when the collateral is appreciating the two motives can push in the same direction.
The record $90.92 is the level the tape is now working from. What to watch is whether borrowing activity builds as users engage the feature, and whether HYPE defends that level.
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