DeFi· ★★★· neutral·

Hyperliquid Open Positions Double in 2026 to Over 435K

  • —Open positions on Hyperliquid reached 435,564, up 115% from 202,943 in early January
  • —Active traders stand at about 320,600, versus roughly 155,000 in January
  • —Perp open interest is $17.29 billion, about $920 million below the September 23 peak
  • —Daily volume is $4.54 billion, down from $12–16 billion in late August
Why it matters: Open interest running at nearly four times daily volume leaves heavy leverage on thin books, raising the risk of cascading liquidations on a sharp move.
#HYPE
Source: Cryptopolitan
More on this
Markets · Sep 28
Wintermute opens $126.25M short on Hyperliquid, led by $46.92M ETH position
 Markets · 18:59
Cardano (ADA) Nearly Doubles From Lows as Open Interest Signals New Positioning, Not Just Short Covering
 Markets · Sep 22
Hyperliquid whales hold $5.23B in shorts as 52.32% of positions lean bearish