hypr(SL) adds server-side spot stops to Hyperliquid 24/7; the feature HL doesn't have.
10,455 of the $10k+ accounts hold major spot assets, $2.84B in total, and not one of them can set a stop on it. A native spot stop loss is the one risk tool Hyperliquid does not have. hypr(SL) adds it.
Across every $10k+ Hyperliquid account, 5,341 hold open perps and 2,606 (49%) are sitting on an underwater position with no stop managing the risk. $310M is underwater in total, and $205M of that is past where even a loose 8.5% stop would have closed the trade.
377 Hyperliquid accounts are holding perp positions a single move away from liquidation, with no stop managing the risk. 423 positions, $410M in notional, one as close as 3.7% from its liquidation price at 20x. Liquidation is the most expensive way a trade can close.
1,008 accounts are long BTC perps and 698 of them (69%) are underwater, $37M in the red. On the other side, 35% of the 936 shorts are. 1,769 accounts also hold $168M of BTC spot, held without a stop, and 141 perp positions sit within 10% of liquidation.
982 accounts are short HYPE perps and 942 of them (96%) are underwater, $167M in the red, while the longs are barely touched (2% under). HYPE is also the most-held spot on Hyperliquid by far: $2.5B across 9,475 accounts, held without a stop.
ZEC traders lean hard long, 582 longs to 217 shorts, nearly 3 to 1, and it is working: 75% of those shorts are underwater while only 24% of the longs are. $40M of ZEC spot is held without a stop. A one-way book worth watching for a reversal.
Spot held, and where each side's perp book stands. A high share of one side underwater on a crowded book is squeeze and capitulation fuel.
| Asset | Spot held | Longs underwater | Shorts underwater |
|---|---|---|---|
| BTC | $168M | 69% | 35% |
| HYPE | $2.5B | 2% | 96% |
| ETH | $52M | 83% | 18% |
| ZEC | $40M | 24% | 75% |
| SOL | $16M | 78% | 24% |
| VVV | - | 10% | 94% |