HYPE: Hyperliquid Retail vs Large Accounts: Share Long

Included with Plus.

For BTC and ETH, the share of Hyperliquid's smaller traders holding the coin who are long (a random sample) next to the share of the large accounts we track who are long.

Why use it. When the small and the large accounts lean opposite ways, one side is usually wrong; large accounts leaning against a crowded retail side has often marked turning points. How to read it. Read the gap between each coin's two lines: retail well above the large accounts means the crowd is longer than the big traders. The summary value is BTC's retail share.

Calculation. Retail: as in Hyperliquid Retail Traders Long. Large accounts: long accounts / accounts holding the coin among the accounts with at least $100,000 of open positions that our positioning capture tracks, at its ten-minute reading at or before each sample's end. Every two hours we draw 600 random accounts from each of two account-value bands of Hyperliquid's public leaderboard file ($100 to $10,000 and $10,000 to $100,000) and read their open perpetual positions from Hyperliquid's public account data; accounts whose open positions total under $100,000 are the retail sample. A coin's share is long accounts / accounts holding it, the two bands weighted by how many accounts each has on the leaderboard; a coin needs at least 20 sampled accounts holding it. It is a sample, so expect a few points of noise between runs; the leaderboard is Hyperliquid's selection, not every account. Aggregates only: no account is stored or shown. A period's value is its last run; the open period shows the latest as a labelled partial. History starts on 8 November 2026, when our sampling began; no earlier values are reconstructed. Source: Hyperliquid's public leaderboard file and info API, read by CryptoKeyhole.