Large positions are clearly coming back to Hyperliquid. Currently there are 6 positions exceeding $100 million, 18 positions above $50 million, 55 positions above $25 million, and 176 positions above $10 million. The top table shows a few wallets repeating with large sizes across both BTC, ETH, and HYPE, for both long and short.$BTC Meanwhile, HIP-3 is moving in the opposite direction: there is only 1 position at $41.4 million, 7 positions above $25 million, and 33 positions above $10 million.$ETH Large capital returning to an on-chain derivatives exchange is often accompanied by two possibilities: conviction is increasing or leverage is being pushed higher. The fact that some wallets appear across multiple assets with high notional also indicates that risk concentration is not insignificant. As for HIP-3, which is getting thinner, that is a sign that the capital flow is choosing somewhere else.$HYPE
For every $100 in AI model company revenue, about $35 to $40 flows directly into the pockets of the three major cloud players—AWS, Azure, and GCP—as inference costs.
The latest Barclays report makes that quite clear. Cloud providers retain about $10 to $20 in operating profit, equivalent to a 35–45% margin. Meanwhile, the paid inference segment of the AI labs has surged from low double digits in 2025 to 50–65% or higher in 2026; adjusted gross margin has increased by 30 to 50 percentage points versus the same period. $NVDA.US It sounds like the labs are making a killing. In reality, most of the money still has to be paid to compute providers. Barclays also expects this high margin to gradually decline as competition among models increases and compute supply loosens. $TRIA
Anyone building models still has to pay for the infrastructure. Those who own the cloud sit more steadily collecting revenue.$CYS
In the past 24 hours, the stock market saw an extremely strong sell-off. • BTC: $1.66 billion was liquidated, of which shorts accounted for $1.61 $CHIP • ETH: $1.34 billion, shorts $1.24 $BSB • SOL: $144 million, almost all of it was short $PRL In total, more than 202,000 accounts were swept. When the price breaks out, buying pressure from short liquidation has helped drive the upward momentum. Currently, the short-term chart is in a fairly “clean” state for shorts. The remaining question is whether real buying power is enough to maintain this momentum.
A new exclusive campaign is launching on the Binance Wallet
💰 Reward Pool: 15,000,000 $RT
Joining is extremely simple:
✅ In your Binance Wallet, select the Explore / RealGo Campaign tab ✅ Connect Binance Wallet (BNB Chain) and register binance.realgo.game. ✅ Keep ≥ $10 (BNB/USDT/USDC) in your wallet for 7 days (consecutive or cumulative). ✅ Complete 7 Check-ins (registration is counted as 1 time in advance). ✅ Maintain ≥100 RealGo Loyalty Points (registration grants immediately 100 points). 🎁 Complete all requirements and pass the verification to be rewarded with 15,000,000 $RT, an airdrop to your wallet within 2 hours after the TGE ends. ⚠️ Note: • Only Binance Wallet on BNB Chain is supported. • Each wallet & device can participate only once. • Make sure not to violate any anti-fraud regulations. ⏳ About 14 days left to join!