Open interest in the NVDA contract on Hyperliquid grew 5.8x in 7 days to $535 million.
That’s 2.4x the previous high of $227 million set before June this year, making it the platform’s fourth-largest market, behind only BTC, ETH, and HYPE. Daily trading volume topped $1 billion for the first time.
· Position breakdown: 83% of the 9,517 wallets held long positions, while market makers accounted for 70% of short open interest.
· Across the market, the average entry price for longs was $169.55, compared with a mark price of $160.66—about 5.2% lower. Long positions had a combined unrealized loss of approximately $14.6 million.
Would you look first at the distribution of long entry prices, or at the share of shorts held by market makers?
That’s 2.4x the previous high of $227 million set before June this year, making it the platform’s fourth-largest market, behind only BTC, ETH, and HYPE. Daily trading volume topped $1 billion for the first time.
· Position breakdown: 83% of the 9,517 wallets held long positions, while market makers accounted for 70% of short open interest.
· Across the market, the average entry price for longs was $169.55, compared with a mark price of $160.66—about 5.2% lower. Long positions had a combined unrealized loss of approximately $14.6 million.
Would you look first at the distribution of long entry prices, or at the share of shorts held by market makers?
