Winners, losers and the state of Hyperliquid
The winners who last are 0 % long, at 4.25x. Over a day, the winners sold a net $7.12M of BTC; the losers sold a net $4.49M of HYPE. Holding a position costs 6.5 % a year, and 2.09M HYPE are walking out of staking.
Winners long
beacon litCost of leverage
Open interest
Leaving staking
The Captains
Sixty-odd captains, watched trade by trade. They disagree on BTC: one camp buys what the other sells.
The Captains' duel, last 24 hours
Net flow of each camp on each asset: buying to the outside, selling to the inside. Flows are not gains: plain ink.
The Host
6,000 accounts, every one read every thirty minutes. Over a day, the winning host bought a net $304.19M of BTC; the losing host sold a net $132.91M of BTC.
The Host, last 24 hours
Net change of every position, from one read to the next, on each asset. Buying to the outside, selling to the inside.
Each bar is the share of the accounts holding the asset that are long; the tick marks one half. The winning host carries 4.04x its equity in open positions, the losing host 4.43x. A position is not a gain.
The state of the realm
Hyperliquid cleared $15.07B in a day. HYPE trades at $68.40.
Two beacons burn tonight
Six thresholds, read every night, one hill each. A lit beacon is a description, not a signal.
HYPE leaving staking
2.09M HYPE on the road, 0.5 % of all that is staked. 554k asked to leave in the last day; 52k become liquid within the next.
Read on
Each tower of the Seat keeps its own watch. Go through the one you need.
