Hyperliquid Token Terminal Guide
Learn how to use the HyperStats token terminal to read price action, whale markers, top current positions, and recent market activity on Hyperliquid.
The token terminal is where price action and trader behavior meet. It is built to help you study one market deeply instead of comparing many at once.
Use the chart for context, the top positions table for current concentration, and the activity window for recent open/close behavior.
Chart and marker workflow
The terminal chart is best used with large open markers and recent price action together. That lets you see whether meaningful trader entries are happening into strength, weakness, or chop.
Marker clustering is timeframe-aware, so short windows preserve detail while longer windows stay readable.
Top positions and current positioning
The Top Positions table shows the largest current positions in that market, including margin, leverage, open date, and unrealized PnL where available.
Use this table to understand who currently matters in the token, not just who traded it recently.
Activity window versus current snapshot
Current positions are a live snapshot, while the activity window shows recent opens and closes over a selected time range. Those are different concepts and should be read separately.
A token can show strong recent long activity while still being net short by current notional, or the reverse.
Frequently Asked Questions
Why does the activity window not change current position counts?
Because the activity window affects recent open/close counts only. Current positions are a live snapshot of the market right now.
Why are some wallets missing from token terminal surfaces?
Bot-like wallets are filtered out of some public-facing token terminal components to keep the signal cleaner.
Related Guides
How to use HyperStats to follow whale wallets, watch real-time activity, and identify meaningful large-trader signals on Hyperliquid.
How to read the HyperStats Top Traders leaderboard, interpret grades, and filter for the traders that actually match your strategy.
How to read a Hyperliquid wallet page on HyperStats, including tracked total PnL, realized PnL, positions, entries, exits, and bot-like activity labels.