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Browse and purchase analytics datasets. Click below to view available data and buy access.
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A small periodic fee traders pay each other to keep the perpetual price anchored to spot. Updates daily on Hyperliquid.
Longs pay shorts. Crowded long trade — liquidation risk if price dips.
Shorts pay longs. Crowded short trade — short squeeze risk.
Balanced market, no strong directional bias.
Total capital locked in open perpetual contracts — both longs and shorts combined.
New money entering — higher activity and volatility ahead.
Traders exiting — lower participation, fading momentum.
Crowded trade — elevated liquidation risk, watch for reversal.
How much buying and selling happened. High volume adds conviction to price moves; low volume makes them unreliable.
Vol + OI combined signals
New positions entering — strong trend with fresh conviction.
Positions closing — possible trend exhaustion.
Positions held, no new activity — consolidation.