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GOOGL contract longs rose $20.56M despite 10.2% drop after earnings release

Market News
29 Oct 2026, 07:37 WIB
Tokenpost
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Neutral
GOOGL contract longs rose $20.56M despite 10.2% drop after earnings release

After Google's earnings release, trading in Hyperliquid's GOOGL contract saw 19 accounts open long positions totaling about $20.56 million, even as the contract price fell 10.2% over 24 hours to $292.82 on October 29. Open interest increased by approximately $43.1 million, with most new long positions entering above the current market price. Some traders are waiting for further price drops before buying, while others have set take-profit targets above the market, indicating mixed strategies amid volatility.

Regarding the surge of $20.56 million in GOOGL longs on Hyperliquid, here is Pluang's market snapshot as of Oct 29, 2026 10:41 WIB: out of 50 major cryptocurrencies priced on Pluang, only 6 rose while 42 fell today. Notable movers include ADA at Rp3.587 with a 1-day change of -4.60% and Pluang order activity showing 72% Sell / 28% Buy, AVAX at Rp156.157 down 4.57% with 81% Sell / 19% Buy, and ALGO at Rp1.800 down 4.51% with 96% Sell / 4% Buy. The most notable figure is ALGO's 96% sell order activity.

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