Hyperliquid perpetuals show NVDA under pressure before market open

According to Cryptopolitan, on-chain perpetual contracts for Nvidia (NASDAQ: NVDA) on Hyperliquid indicate that NVDA faces further downward pressure prior to the market opening on November 9. The report notes that NVDA was heavily shorted on HIP-3, with over a day's worth of concentrated selling volume occurring over the weekend; the xyz:NVDA perpetual contract price briefly dipped into the $178 range, hitting a low of $175 before rebounding on buying pressure.

As of November 9, the contract's open interest stood at approximately $128 million. The report also notes that NVDA's pre-market trading price is $186.64, below its previous range above $200; Polymarket prices the probability of Jensen Huang being ousted as CEO by the end of 2026 at 24%.