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hyperliquid

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🚨 Crypto Market at a Crossroads — BTC, ETH, HYPE & SHIB Test Key Levels The crypto market is showing mixed signals as major assets struggle to break through important technical resistance zones. Bitcoin remains in a narrow downtrend, while Ethereum, Hyperliquid and Shiba Inu are all testing critical levels. 📊 Key Levels to Watch: 🟠 Bitcoin (BTC) • Support: $63,300 • Resistance: $66K–$67K • Break below $63.3K → $60K could come into focus. • Reclaiming $66.7K could open a path toward $70K–$72.1K. ♦️ Ethereum (ETH) • Support: $1,875 • Resistance: $1,900–$1,925 • Break above $1,925 → $2,000 becomes the next potential target. • Losing $1,875 could expose $1,800–$1,810. ⚡ Hyperliquid (HYPE) • Resistance: $57, then $61 • Support: $50–$51 • A break above $61 could reopen the $65–$68 zone. 🐕 Shiba Inu (SHIB) • Critical support: $0.00000440–$0.00000445 • Resistance: $0.00000462 → $0.00000495 • Losing support could expose $0.00000410–$0.00000420. 💡 Market Insight: The market is currently waiting for a decisive breakout. For Bitcoin, $63.3K is the key downside level, while $66K–$67K is the major recovery barrier. Until one of these zones breaks decisively, volatility and sideways trading could continue. ⚠️ NFA — Not Financial Advice. Do Your Own Research. #bitcoin #Ethereum #Hyperliquid #SHİB #CryptoNews $BTC $ETH $HYPE {future}(HYPEUSDT) {future}(ETHUSDT) {future}(BTCUSDT)
🚨 Crypto Market at a Crossroads — BTC, ETH, HYPE & SHIB Test Key Levels

The crypto market is showing mixed signals as major assets struggle to break through important technical resistance zones. Bitcoin remains in a narrow downtrend, while Ethereum, Hyperliquid and Shiba Inu are all testing critical levels.

📊 Key Levels to Watch:

🟠 Bitcoin (BTC) • Support: $63,300 • Resistance: $66K–$67K • Break below $63.3K → $60K could come into focus. • Reclaiming $66.7K could open a path toward $70K–$72.1K.

♦️ Ethereum (ETH) • Support: $1,875 • Resistance: $1,900–$1,925 • Break above $1,925 → $2,000 becomes the next potential target. • Losing $1,875 could expose $1,800–$1,810.

⚡ Hyperliquid (HYPE) • Resistance: $57, then $61 • Support: $50–$51 • A break above $61 could reopen the $65–$68 zone.

🐕 Shiba Inu (SHIB) • Critical support: $0.00000440–$0.00000445 • Resistance: $0.00000462 → $0.00000495 • Losing support could expose $0.00000410–$0.00000420.

💡 Market Insight: The market is currently waiting for a decisive breakout.

For Bitcoin, $63.3K is the key downside level, while $66K–$67K is the major recovery barrier. Until one of these zones breaks decisively, volatility and sideways trading could continue.

⚠️ NFA — Not Financial Advice. Do Your Own Research.

#bitcoin #Ethereum #Hyperliquid #SHİB #CryptoNews $BTC $ETH $HYPE
🚨 Whale move on $HYPE 🔴 SHORT position size cut back with 97459.68 at $54.0140 Entry: $67.7153 Price: $54.0140 Leverage: 10x CROSS Result: +$68.46 Liq line: $97.3589 Change: -1.3% (-1265) 🟦 Risk: LOW (29/100) Not a trade call. DYOR. Bullish or bearish? Drop your take below. #HYPE #WhaleWatch #Hyperliquid
🚨 Whale move on $HYPE

🔴 SHORT position size cut back with 97459.68 at $54.0140

Entry: $67.7153
Price: $54.0140
Leverage: 10x CROSS
Result: +$68.46
Liq line: $97.3589
Change: -1.3% (-1265)

🟦 Risk: LOW (29/100)

Not a trade call. DYOR.
Bullish or bearish? Drop your take below.

#HYPE #WhaleWatch #Hyperliquid
🚨 Whale Alert 🔴 reduced a SHORT position on $HYPE · Size: 147625.54 ($8.02M) Entry: $54.0772 Price: $54.3320 Leverage: 5x (CROSS) Result: -$4.83 Key line: $76.3375 Change: -1.4% (-2039.79) 🟦 Risk: LOW (34/100) Watch the liquidation zone. Risk management essential. #HYPE #WhaleWatch #Hyperliquid
🚨 Whale Alert

🔴 reduced a SHORT position on $HYPE · Size: 147625.54 ($8.02M)

Entry: $54.0772
Price: $54.3320
Leverage: 5x (CROSS)
Result: -$4.83
Key line: $76.3375
Change: -1.4% (-2039.79)

🟦 Risk: LOW (34/100)

Watch the liquidation zone. Risk management essential.

#HYPE #WhaleWatch #Hyperliquid
$RAD $DODO $BLUAI - HYPERLIQUID TVL NEAR RECORD $6B! 🚀 📊 Hyperliquid's TVL just clawed back to ~$6B, with stablecoin reserves crossing $6B - $5.7B of that natively minted. That's not just a number; it's a liquidity moat forming around the ecosystem. When smart money parks stablecoins on-chain, they're setting up the next move. 🦈 💡 This isn't a random bounce. The stability of native stablecoins signals that traders are positioning for a push, not a pullback. Tokens like $RAD , $DODO , and $BLUAI are riding the same tidal wave of renewed confidence. 🌊 Are you positioned for the next leg, or are you still watching from the sidelines? 💬 ⚠️ Not financial advice. Always manage your risk. 🛡️ 🏷️ #RAD #DODO #BLUAI #Hyperliquid #DeFi 🚀 🌊
$RAD $DODO $BLUAI - HYPERLIQUID TVL NEAR RECORD $6B! 🚀

📊 Hyperliquid's TVL just clawed back to ~$6B, with stablecoin reserves crossing $6B - $5.7B of that natively minted. That's not just a number; it's a liquidity moat forming around the ecosystem. When smart money parks stablecoins on-chain, they're setting up the next move. 🦈

💡 This isn't a random bounce. The stability of native stablecoins signals that traders are positioning for a push, not a pullback. Tokens like $RAD , $DODO , and $BLUAI are riding the same tidal wave of renewed confidence. 🌊

Are you positioned for the next leg, or are you still watching from the sidelines? 💬

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #RAD #DODO #BLUAI #Hyperliquid #DeFi

🚀 🌊
Morning, traders! 🌅 Hyperliquid continues to stand out as one of August's strongest performers so far, building on a run that's made it one of the most closely watched names in the DeFi derivatives space this year. The platform's rapid growth in trading volume and user activity has increasingly caught the attention of both retail traders and institutional analysts alike. This kind of sustained strength is notable given the broader market's cautious mood heading into August — total crypto market cap has been choppy, and the Fear & Greed Index has only recently started climbing back from extreme fear territory. For HYPE to keep outperforming through that backdrop suggests real platform-level demand rather than just riding broader sentiment. With Bitcoin and Ethereum ETFs posting their best inflow week since April, and easing Fed rate-hike expectations improving risk appetite generally, high-growth DeFi platforms like Hyperliquid could be well-positioned if that institutional confidence continues building through the month. 🔍 $HYPE #Hyperliquid #HYPE #DeFi #CryptoTrading #CryptoNews
Morning, traders! 🌅 Hyperliquid continues to stand out as one of August's strongest performers so far, building on a run that's made it one of the most closely watched names in the DeFi derivatives space this year. The platform's rapid growth in trading volume and user activity has increasingly caught the attention of both retail traders and institutional analysts alike.

This kind of sustained strength is notable given the broader market's cautious mood heading into August — total crypto market cap has been choppy, and the Fear & Greed Index has only recently started climbing back from extreme fear territory. For HYPE to keep outperforming through that backdrop suggests real platform-level demand rather than just riding broader sentiment.

With Bitcoin and Ethereum ETFs posting their best inflow week since April, and easing Fed rate-hike expectations improving risk appetite generally, high-growth DeFi platforms like Hyperliquid could be well-positioned if that institutional confidence continues building through the month. 🔍

$HYPE #Hyperliquid #HYPE #DeFi #CryptoTrading #CryptoNews
Hyperliquid ($HYPE) Climbs the Ranks with Robust Volume Hyperliquid ($HYPE) is making waves with a strong 24-hour trading volume of $234.69M, despite a modest 0.33% price change. As the 10th-ranked trending asset, $HYPE continues to attract attention from traders and investors. The coin's robust liquidity and growing market cap make it a compelling option for those looking to diversify their portfolio. 📈👀 Follow for more crypto setups. #DeGenYuv #Hyperliquid
Hyperliquid ($HYPE ) Climbs the Ranks with Robust Volume

Hyperliquid ($HYPE ) is making waves with a strong 24-hour trading volume of $234.69M, despite a modest 0.33% price change. As the 10th-ranked trending asset, $HYPE continues to attract attention from traders and investors. The coin's robust liquidity and growing market cap make it a compelling option for those looking to diversify their portfolio. 📈👀

Follow for more crypto setups.

#DeGenYuv #Hyperliquid
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Bearish
Hyperliquid’s $HYPE dropped ~20% last week, not because the project failed, but because its success exposed structural tensions in how it’s priced and perceived 🥀💰 Here’s what actually happened: 📉 The trigger wasn’t macro, it was micro: - On July 28, SK Hynix perpetuals on Hyperliquid plunged 17.9% in minutes after abnormal pre-market trading in Korea spiked the oracle price, liquidating 4.7M in longs and triggering 6.9M in short profits. - That flash crash eroded confidence in price integrity, especially for new users drawn in by RWA hype. 💸 Then came the outflows: - Wall Street rotated capital out of HYPE ETFs and into Ethereum ETFs, pulling 290M over three weeks. - Meanwhile, $7.7M in HYPE tokens were burned via buybacks, strong fundamentals. Yes, but not enough to offset institutional redeployment. 🧠 So what’s investor psychology now? ✅ Institutional allocators still love the thesis: Grayscale’s $BHYP ETF holds 1.0M+ HYPE tokens, and Zach Pandl (Grayscale Research) calls it “the only crypto asset that converts TradFi allocators who own nothing else in crypto.” ❌ Retail is skeptical: Fear & Greed Index hit 25/100, deep fear, and social chatter shifted from “RWA revolution” to “Is this just another altcoin pump?” And here’s the key nuance: ➡ HYPE isn’t a pure play on volume, it’s a bet on revenue capture from RWA perps. But with HIP-3 open interest up from 2% to nearly 50% of total volume, the market is pricing in future adoption, not current revenue. That gap creates volatility. #Hyperliquid $HYPE {future}(HYPEUSDT)
Hyperliquid’s $HYPE dropped ~20% last week, not because the project failed, but because its success exposed structural tensions in how it’s priced and perceived 🥀💰

Here’s what actually happened:

📉 The trigger wasn’t macro, it was micro:
- On July 28, SK Hynix perpetuals on Hyperliquid plunged 17.9% in minutes after abnormal pre-market trading in Korea spiked the oracle price, liquidating 4.7M in longs and triggering 6.9M in short profits.
- That flash crash eroded confidence in price integrity, especially for new users drawn in by RWA hype.

💸 Then came the outflows:
- Wall Street rotated capital out of HYPE ETFs and into Ethereum ETFs, pulling 290M over three weeks.
- Meanwhile, $7.7M in HYPE tokens were burned via buybacks, strong fundamentals. Yes, but not enough to offset institutional redeployment.

🧠 So what’s investor psychology now?
✅ Institutional allocators still love the thesis: Grayscale’s $BHYP ETF holds 1.0M+ HYPE tokens, and Zach Pandl (Grayscale Research) calls it “the only crypto asset that converts TradFi allocators who own nothing else in crypto.”
❌ Retail is skeptical: Fear & Greed Index hit 25/100, deep fear, and social chatter shifted from “RWA revolution” to “Is this just another altcoin pump?”

And here’s the key nuance:
➡ HYPE isn’t a pure play on volume, it’s a bet on revenue capture from RWA perps. But with HIP-3 open interest up from 2% to nearly 50% of total volume, the market is pricing in future adoption, not current revenue. That gap creates volatility.

#Hyperliquid $HYPE
Hyperliquid ($HYPE) Gains Momentum with High Volume Hyperliquid ($HYPE) is trending with a solid 24-hour volume of $215M, despite a modest 0.31% price change. The high liquidity and active trading suggest strong community engagement and potential for future movements. Traders are watching $HYPE closely for any breakout signals. 📊👀 Follow for more setups like this. #DeGenYuv #Hyperliquid
Hyperliquid ($HYPE ) Gains Momentum with High Volume

Hyperliquid ($HYPE ) is trending with a solid 24-hour volume of $215M, despite a modest 0.31% price change. The high liquidity and active trading suggest strong community engagement and potential for future movements. Traders are watching $HYPE closely for any breakout signals. 📊👀

Follow for more setups like this.

#DeGenYuv #Hyperliquid
Verified
🚨 LATEST UPDATE 🚨 Hyperliquid is experiencing a massive surge in Real-World Asset (RWA) perpetuals, with open interest hitting record highs. However, this growth is creating a paradox: while trading volume is climbing, protocol revenue has fallen for four consecutive quarters. 📉 This trend is largely driven by the HIP-3 fee-sharing program, which allows outside builders to keep up to half of the trading fees. As these builder-deployed markets now account for roughly 50% of the platform's volume, more revenue is diverted away from the core protocol. This matters because the HYPE token relies on protocol earnings for its buyback mechanism. 💸 With RWA markets now outpacing crypto perps in volume, how will this structural shift impact the HYPE ecosystem long-term? 🤔 #Hyperliquid #RWA #DeFi $HYPE $BABY $TST
🚨 LATEST UPDATE 🚨

Hyperliquid is experiencing a massive surge in Real-World Asset (RWA) perpetuals, with open interest hitting record highs. However, this growth is creating a paradox: while trading volume is climbing, protocol revenue has fallen for four consecutive quarters. 📉

This trend is largely driven by the HIP-3 fee-sharing program, which allows outside builders to keep up to half of the trading fees. As these builder-deployed markets now account for roughly 50% of the platform's volume, more revenue is diverted away from the core protocol. This matters because the HYPE token relies on protocol earnings for its buyback mechanism. 💸

With RWA markets now outpacing crypto perps in volume, how will this structural shift impact the HYPE ecosystem long-term? 🤔

#Hyperliquid #RWA #DeFi $HYPE

$BABY $TST
Hyperliquid’s RWA perpetuals boom is driving record open interest—but revenue has declined for four straight quarters. The key issue: its fee-sharing model sends nearly half of platform volume to external builders, putting pressure on the revenue supporting $HYPE. Growth is strong, but can revenue catch up? #Hyperliquid #RWA #DeFi
Hyperliquid’s RWA perpetuals boom is driving record open interest—but revenue has declined for four straight quarters.

The key issue: its fee-sharing model sends nearly half of platform volume to external builders, putting pressure on the revenue supporting $HYPE .

Growth is strong, but can revenue catch up? #Hyperliquid #RWA #DeFi
gm CT. just finished breakfast and opened the feed to a 12-minute-old headline about $HYPE and i immediately put the fork down. Hyperliquid just burned $2.68 billion in tokens and the price is sitting right at $51 support while a token unlock looms overhead. that is not a coincidence, that is a stress test happening in real time. here is my read: $HYPE holds $51 and grinds higher while the burn narrative keeps retail and institutions treating dips as discounts. the unlock pressure is real but the burn already proved the team will absorb it. Multicoin calling $319 by 2028 is not a price target i am anchoring to, but it tells you the smart money is not scared of this unlock. i am wrong if $51 breaks clean and holds as resistance on a retest. that flips the burn story into a "they burned and it still dropped" narrative, which is the kind of thing that takes months to recover from. the unlock is the tell. watch $51, not the headline. #Hyperliquid #TokenUnlock
gm CT. just finished breakfast and opened the feed to a 12-minute-old headline about $HYPE and i immediately put the fork down.

Hyperliquid just burned $2.68 billion in tokens and the price is sitting right at $51 support while a token unlock looms overhead. that is not a coincidence, that is a stress test happening in real time.

here is my read: $HYPE holds $51 and grinds higher while the burn narrative keeps retail and institutions treating dips as discounts. the unlock pressure is real but the burn already proved the team will absorb it. Multicoin calling $319 by 2028 is not a price target i am anchoring to, but it tells you the smart money is not scared of this unlock.

i am wrong if $51 breaks clean and holds as resistance on a retest. that flips the burn story into a "they burned and it still dropped" narrative, which is the kind of thing that takes months to recover from.

the unlock is the tell. watch $51, not the headline.

#Hyperliquid #TokenUnlock
🚀 $HYPE is showing strength after bouncing from key support. The bullish structure remains intact while price holds above $28. Break above $33 could open the way toward $35 → $38. 📌 Support: $28 🎯 Resistance: $33 🚀 Targets: $35 / $38 #Hyperliquid #Crypto #Altcoins
🚀 $HYPE is showing strength after bouncing from key support. The bullish structure remains intact while price holds above $28.

Break above $33 could open the way toward $35 → $38.

📌 Support: $28
🎯 Resistance: $33
🚀 Targets: $35 / $38

#Hyperliquid #Crypto #Altcoins
$HYPE came back into the institutional spotlight 👀 Bitwise acquired 28,085.8 $HYPE for approximately $1.52 million from Nonco for its ETF clients. After the purchase, the tokens were sent to a BHYP wallet. And I like the mechanism here. It’s not just a large whale moving coins from one address to another. There’s a buyer, there’s a specific volume, there’s a purpose for ETF clients, and separate custody after the acquisition. For me, that matters more than loud price predictions. While the market is debating where $HYPE will go, a major manager keeps adding it to the infrastructure of its product. Now the main question is whether this is a one-off buy or the start of a series. If such transactions continue, institutional demand could become one of the important factors for $HYPE. I’d keep an eye on this wallet. {future}(HYPEUSDT) #HYPE #Hyperliquid #Crypto
$HYPE came back into the institutional spotlight 👀

Bitwise acquired 28,085.8 $HYPE for approximately $1.52 million from Nonco for its ETF clients.

After the purchase, the tokens were sent to a BHYP wallet.

And I like the mechanism here.

It’s not just a large whale moving coins from one address to another.

There’s a buyer, there’s a specific volume, there’s a purpose for ETF clients, and separate custody after the acquisition.

For me, that matters more than loud price predictions.

While the market is debating where $HYPE will go, a major manager keeps adding it to the infrastructure of its product.

Now the main question is whether this is a one-off buy or the start of a series.

If such transactions continue, institutional demand could become one of the important factors for $HYPE .

I’d keep an eye on this wallet.

#HYPE #Hyperliquid #Crypto
Article
HL’s giant whale opens 17 positions at once: 90.9% win rate, earns $2.79M, floating profit $3.57M251 days, 695 trades with 632 winners, a win rate of 90.9%. The most ruthless thing about this address isn’t the win rate—it’s that it opened 17 positions at the same time. LIT long positions: floating profit $680k, ROE 308%; TRUMP short positions: floating profit $756k, ROE 356%; DOT shorts: ROE 407%; APT shorts: ROE 457%. Each trade is in a different direction—both longs and shorts are opened—yet almost every one is profitable. Realized profit is $2.79 million, with a total floating profit of $3.57 million across 17 open positions. In other words, the floating profit alone is 28% higher than the realized profit. No liquidation. With the size of these 17 positions, it has never been liquidated even once. Only $12,662 in fees and costs. With a total trading volume of $43.5M, the fee rate is less than 0.03%. This is the power of HL’s low fees.

HL’s giant whale opens 17 positions at once: 90.9% win rate, earns $2.79M, floating profit $3.57M

251 days, 695 trades with 632 winners, a win rate of 90.9%.
The most ruthless thing about this address isn’t the win rate—it’s that it opened 17 positions at the same time. LIT long positions: floating profit $680k, ROE 308%; TRUMP short positions: floating profit $756k, ROE 356%; DOT shorts: ROE 407%; APT shorts: ROE 457%. Each trade is in a different direction—both longs and shorts are opened—yet almost every one is profitable.
Realized profit is $2.79 million, with a total floating profit of $3.57 million across 17 open positions. In other words, the floating profit alone is 28% higher than the realized profit.
No liquidation. With the size of these 17 positions, it has never been liquidated even once.
Only $12,662 in fees and costs. With a total trading volume of $43.5M, the fee rate is less than 0.03%. This is the power of HL’s low fees.
Article
HL smart money z3ro2: 82% win rate in 284 days, profiting 3.15 million; five short positions targeting $BTC $ETH $HYPEShorting takes guts—z3ro2 has them. Zero liquidation in 284 days, 82% win rate net profit of 3.15 million—this is his confidence to go all-in short with a total notional of 28.7 million across five coins. First, look at the track record: 489 trades, 402 wins, win rate 82.2%. The maximum drawdown of 81.5k accounts for only 25.9% of the profit—he can afford it. Fees totaled just 62k, which is 0.027% out of 230 million in trading volume. At Hyperliquid, that’s the level of big-holder rebate. All five positions are short: • ETH short 10.24 million, entry 1857, floating loss 115k • SOL short 7.52 million, entry 75.4, floating loss 19k • BTC short 6.07 million, entry 63759, floating loss 23k

HL smart money z3ro2: 82% win rate in 284 days, profiting 3.15 million; five short positions targeting $BTC $ETH $HYPE

Shorting takes guts—z3ro2 has them. Zero liquidation in 284 days, 82% win rate net profit of 3.15 million—this is his confidence to go all-in short with a total notional of 28.7 million across five coins.
First, look at the track record: 489 trades, 402 wins, win rate 82.2%. The maximum drawdown of 81.5k accounts for only 25.9% of the profit—he can afford it. Fees totaled just 62k, which is 0.027% out of 230 million in trading volume. At Hyperliquid, that’s the level of big-holder rebate.
All five positions are short:
• ETH short 10.24 million, entry 1857, floating loss 115k
• SOL short 7.52 million, entry 75.4, floating loss 19k
• BTC short 6.07 million, entry 63759, floating loss 23k
$HYPE is becoming a heavyweight player in the on-chain perpetual contract market 👀 #Hyperliquid has already processed about 44% of on-chain perpetual contract trading volume. Open interest has surpassed $10 billion. Over the past 30 days, on-chain perpetual trading volume has reached about $1.09 trillion. Market share has clearly widened the gap versus other on-chain platforms. Follow me 👇🏻 and I’ll post the latest real-time market updates from time to time. :[加入聊天室](https://www.binance.com/zh-CN/groupList?chatId=v1.00.QzJDSWRDcnlwdEZpeGRJVvO3A3xWfogINoPI8mSqeSw&source=squareProfile) What’s even more noteworthy is that Hyperliquid isn’t simply pushing its numbers because行情 is going up—the platform’s own trading activity continues to expand. Data shows that Hyperliquid’s trading volume over the past 30 days is about $1.09 trillion, while other major on-chain perpetual platforms are clearly below this level. This indicates that more and more traders are starting to treat on-chain derivatives as a real trading venue, not just a place to “try out” DeFi. Currently, Hyperliquid’s open interest has exceeded $10 billion. This means there’s a large amount of capital holding leveraged positions that are still open 🔥 Of course, higher open interest doesn’t necessarily mean a bullish outlook. On the contrary, the more concentrated the leveraged positions are, the more pronounced the liquidations and cascading effects may become when the market experiences sharp volatility. So this both signals a maturing market and that risk is being amplified. But in the long run, this data is still very interesting. In the past, when people talked about on-chain trading, they focused more on DEX spot trading. Now, perpetual contracts are becoming an increasingly important part of on-chain finance. If Hyperliquid can continue to maintain around 44% market share while constantly expanding trading volume and liquidity, then its real competition may no longer be other DeFi protocols—it could be traditional centralized exchanges. That’s also why HYPE is worth keeping a close eye on 👀 The underlying logic isn’t just about pumping a token. It’s a bet on whether the on-chain derivatives market can truly grow big. If on-chain perpetual trading continues to rise, Hyperliquid may become one of the most important pieces of infrastructure in this space. Click the avatar to watch the livestream and follow me. Every day, I’ll bring you coverage of crypto market hotspots—helping you understand not just what’s happening, but the underlying logic and opportunities behind it 👀🚀#hype
$HYPE is becoming a heavyweight player in the on-chain perpetual contract market 👀

#Hyperliquid has already processed about 44% of on-chain perpetual contract trading volume. Open interest has surpassed $10 billion. Over the past 30 days, on-chain perpetual trading volume has reached about $1.09 trillion. Market share has clearly widened the gap versus other on-chain platforms.

Follow me 👇🏻 and I’ll post the latest real-time market updates from time to time.
加入聊天室

What’s even more noteworthy is that Hyperliquid isn’t simply pushing its numbers because行情 is going up—the platform’s own trading activity continues to expand.

Data shows that Hyperliquid’s trading volume over the past 30 days is about $1.09 trillion, while other major on-chain perpetual platforms are clearly below this level. This indicates that more and more traders are starting to treat on-chain derivatives as a real trading venue, not just a place to “try out” DeFi.

Currently, Hyperliquid’s open interest has exceeded $10 billion. This means there’s a large amount of capital holding leveraged positions that are still open 🔥

Of course, higher open interest doesn’t necessarily mean a bullish outlook.
On the contrary, the more concentrated the leveraged positions are, the more pronounced the liquidations and cascading effects may become when the market experiences sharp volatility. So this both signals a maturing market and that risk is being amplified.

But in the long run, this data is still very interesting.
In the past, when people talked about on-chain trading, they focused more on DEX spot trading. Now, perpetual contracts are becoming an increasingly important part of on-chain finance.

If Hyperliquid can continue to maintain around 44% market share while constantly expanding trading volume and liquidity, then its real competition may no longer be other DeFi protocols—it could be traditional centralized exchanges.

That’s also why HYPE is worth keeping a close eye on 👀

The underlying logic isn’t just about pumping a token. It’s a bet on whether the on-chain derivatives market can truly grow big.
If on-chain perpetual trading continues to rise, Hyperliquid may become one of the most important pieces of infrastructure in this space.

Click the avatar to watch the livestream and follow me.
Every day, I’ll bring you coverage of crypto market hotspots—helping you understand not just what’s happening, but the underlying logic and opportunities behind it 👀🚀#hype
Article
HL Smart Money 0xd21d: 84.5% Win Rate, Profits of $4.33M—HYPE Longs with a $730K Unrealized Loss and HoldingOver 145 days and 239 trades, he won 202 times, for a win rate of 84.5%. Realized profit of $4.33 million. This trader only focuses on HYPE and ZEC. Over 145 days, he rolled out a total trading volume of $179 million, with zero liquidation records. It’s not that he hasn’t encountered extreme market conditions—he genuinely knows when to stop. But the most interesting part is the current position holdings. HYPE longs of 130,000 coins, opened at an average price of $56.97, 5x incremental buys, with a position value of $6.67 million. An unrealized loss of $734,000, and the position ROE is already -49.5%. $743,000 in margin is propping up a $6.67 million position; the liquidation price is 48.01, and if it drops another 15%, it’s game over. He even survived a historical max drawdown of $1.53 million. This time, with a $730,000 unrealized loss, it doesn’t seem like he’s planning to run. With an account of $37,400, he’s almost all-in on HYPE in one direction—whether it’s conviction or stubbornness is up to how you interpret it.

HL Smart Money 0xd21d: 84.5% Win Rate, Profits of $4.33M—HYPE Longs with a $730K Unrealized Loss and Holding

Over 145 days and 239 trades, he won 202 times, for a win rate of 84.5%. Realized profit of $4.33 million.
This trader only focuses on HYPE and ZEC. Over 145 days, he rolled out a total trading volume of $179 million, with zero liquidation records. It’s not that he hasn’t encountered extreme market conditions—he genuinely knows when to stop.
But the most interesting part is the current position holdings.
HYPE longs of 130,000 coins, opened at an average price of $56.97, 5x incremental buys, with a position value of $6.67 million. An unrealized loss of $734,000, and the position ROE is already -49.5%. $743,000 in margin is propping up a $6.67 million position; the liquidation price is 48.01, and if it drops another 15%, it’s game over.
He even survived a historical max drawdown of $1.53 million. This time, with a $730,000 unrealized loss, it doesn’t seem like he’s planning to run. With an account of $37,400, he’s almost all-in on HYPE in one direction—whether it’s conviction or stubbornness is up to how you interpret it.
There’s an address on Hyperliquid that’s well worth keeping an eye on. lmlmlm: 191 trading days, a win rate of 77.95%, net profit of $7.34 million. No liquidation records—this is rare among high-frequency meme coin traders. The style is very distinctive: it doesn’t bet on mainstream coins, mainly trades high-volatility small caps like BEAT, BTR, TOAD, and CYS, with some BTC as well. Trading volume exceeds $1 billion, and fees paid were $335,000. The account still has $20.63 million left—positions aren’t light. Maximum drawdown is $3.28 million; on a $20.63 million principal, that’s about 16%. Risk control is tight. ROI is 18.2%—not especially high, but the edge is in consistency. Compare it with the #2 address, 0x795c...: that one also has a high win rate (62.5%) and strong profit ($5.96 million), but the style is completely different—it mainly trades big coins like ETH, BTC, and HYPE. Two different money-making paths. Address: 0xda8e5c756fcbba202213b0cb02952408ffd9a4da #Hyperliquid #聪明钱 #On-chain data Details: https://www.coinboss.com/zh/hyperliquid-whale/0xda8e5c756fcbba202213b0cb02952408ffd9a4da
There’s an address on Hyperliquid that’s well worth keeping an eye on.

lmlmlm: 191 trading days, a win rate of 77.95%, net profit of $7.34 million. No liquidation records—this is rare among high-frequency meme coin traders.

The style is very distinctive: it doesn’t bet on mainstream coins, mainly trades high-volatility small caps like BEAT, BTR, TOAD, and CYS, with some BTC as well. Trading volume exceeds $1 billion, and fees paid were $335,000. The account still has $20.63 million left—positions aren’t light.

Maximum drawdown is $3.28 million; on a $20.63 million principal, that’s about 16%. Risk control is tight. ROI is 18.2%—not especially high, but the edge is in consistency.

Compare it with the #2 address, 0x795c...: that one also has a high win rate (62.5%) and strong profit ($5.96 million), but the style is completely different—it mainly trades big coins like ETH, BTC, and HYPE. Two different money-making paths.

Address: 0xda8e5c756fcbba202213b0cb02952408ffd9a4da

#Hyperliquid #聪明钱 #On-chain data

Details: https://www.coinboss.com/zh/hyperliquid-whale/0xda8e5c756fcbba202213b0cb02952408ffd9a4da
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Bullish
Monitored by $HYPE holders!! ≥ 1M HYPE - Holder : 17 ≥ 100K HYPE - Holder :311 ≥ 10K HYPE - Holders: 1,886 ≥ 1K HYPE - Holders: 7,066 ≥ 100 HYPE - Holders : 22,616 ≥ 10 HYPE - Holder: 49,997 From my perspective, this is good because there are fewer whales dumping. What's more interesting is that from October 2026, the number of holders increased from 208,826 to 272,335 in August. This is a sign that $HYPE is experiencing a gradual and consistent increase. Check it out here: hl.eco/hype-holders #Hyperliquid
Monitored by $HYPE holders!!

≥ 1M HYPE - Holder : 17
≥ 100K HYPE - Holder :311
≥ 10K HYPE - Holders: 1,886
≥ 1K HYPE - Holders: 7,066
≥ 100 HYPE - Holders : 22,616
≥ 10 HYPE - Holder: 49,997

From my perspective, this is good because there are fewer whales dumping. What's more interesting is that from October 2026, the number of holders increased from 208,826 to 272,335 in August.

This is a sign that $HYPE is experiencing a gradual and consistent increase. Check it out here: hl.eco/hype-holders

#Hyperliquid
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