Learn how to use HyperStats token analytics and token terminal pages to read long/short bias, notional positioning, and top token positions on Hyperliquid.
How to use HyperStats token analytics and token terminal data to understand notional bias, activity windows, and top current positions on Hyperliquid.
Hyperliquid token analytics show where traders are positioned right now by using notional-based long/short bias, current activity windows, and top positions instead of simple wallet counts.
The token terminal then adds current top positions, a live price chart, and large open markers so you can connect market structure to actual trader behavior.
Bias is based on current long versus short notional, not on a simple count of wallets. That makes the token pages better aligned with actual capital exposure.
L/S Ntl is the long-notional to short-notional ratio. Values below 1 mean shorts dominate current notional. Values above 1 mean longs dominate.
Current positions are a live snapshot. Activity windows like 1H, 6H, 24H, and 7D describe recent open and close behavior, not current inventory.
That distinction matters because a token can have strong recent long activity while still being net short by current notional, or the reverse.
Use Token Analytics to compare markets quickly, then open Token Terminal when you want a deeper chart and live positioning context for a single coin.
The chart markers are most useful for large opens and liquidations. The Top Positions table helps you see which wallets currently matter most in that market.
They should now agree on notional bias. If they differ, it usually means you are looking at different windows or a stale browser tab that has not refreshed yet.
No. HyperStats currently focuses the public token product on price, positioning, notional, trader counts, and large-wallet activity. The copy now reflects that narrower but more reliable surface.