Odaily Planet Daily reports that according to Ai Aunt monitoring, the number of active contract traders on the Hyperliquid platform is approaching its highest level in the past six months. Since January, the number of active traders on the platform has increased significantly. On January 16, the price peaked and began to decline, while the open interest (OI) of Hyperliquid’s open contracts also reached a peak, but the number of active contract traders remained low. On February 1, the $600 million long position of the insider whale 1011 was liquidated, causing a sharp drop in OI, and the number of active traders increased accordingly. On February 8, Yilihua liquidated $1.354 billion worth of ETH within 8 days, with many longs being liquidated, causing OI to fall to a short-term low, and the number of active contract traders further increased. Currently, the platform’s OI is low, but the number of active retail traders has increased significantly, with a preference for high-leverage trading.
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