Tesla crypto futures retreat to $357 after flying Roadster rally

Tesla-linked perpetual futures have retreated to around $357 on Hyperliquid, reversing an overnight climb toward $380 following Elon Musk’s demonstration of a thruster-equipped Roadster. Summary Hyperliquid’s Tesla contract reversed its climb toward $380 and traded down 0.95% over 24 hours. Binance led daily Tesla-linked trading with $564.49 million in turnover, according to RootData. Hyperliquid held approximately $80 million in open interest, ahead of Binance’s $64.96 million. Tesla will release third-quarter financial results after market close on Oct. 21. Hyperliquid showed its TSLA-USDC contract at a mark price of $356.66, down $3.42 over 24 hours, with approximately $247.8 million in daily trading volume and $80.05 million in open interest, the value of outstanding contracts. Tesla futures give back their climb toward $380 On Hyperliquid’s 1-hour chart, the Tesla contract rose from around $360 to $380 on Oct. 16 before retreating to approximately $357. The reversal carried the price below the level where the overnight advance began. The same chart showed the contract trading near $385 earlier in the week before declining toward $360 ahead of Thursday’s Roadster presentation. ...