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Hyperliquid Token Analytics

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Related Guides

Use these guides to understand token-level positioning and then drill into a single market with the token terminal.

Frequently Asked Questions

Quick answers to the questions that most often cause misreads on token bias and long/short ratios.

What does bias mean on Hyperliquid Token Analytics?

Bias is based on current long versus short notional, not just trader counts. It is meant to show which side has more capital behind it right now.

What does L/S Ntl mean?

L/S Ntl is the ratio of long notional to short notional. Values above 1 mean long notional dominates. Values below 1 mean short notional dominates.

Why should I use Token Analytics and Token Terminal together?

Token Analytics is for fast comparison across many markets. Token Terminal is for deep analysis of one market with a price chart, top positions, and recent activity context.