Indicator Explanation

Hyperliquid is currently the largest on-chain exchange and a high-performance financial infrastructure.

The Leaderboard provides an overview of the Top 100 trading addresses, including detailed information such as account value, period PnL, and total PnL.

The Trader Position page allows users to view detailed trading information of popular or specific trading addresses, including holding position, limit orders, and trade history, providing an intuitive way to track trading activities.

The Top Exposure page aggregates the perpetual futures position changes of the Top 100 addresses by account value. When the exposure alpha value is greater than 0 (green bars), it indicates that top traders on Hyperliquid have a higher proportion of long positions than short positions. When the alpha value is less than 0 (red bars), it indicates that short positions are dominant.

The Top Position page displays the specific tokens currently held by top traders, including their portfolio weight distribution.