Where the open interest sits on Hyperliquid, September 13, 2026

Open interest on September 13, 2026

Open interest is the total value of positions currently open in a market. It is a rough measure of how much capital is committed and how crowded a trade has become. Rising open interest means new money is arriving; a sharp drop often means positions are being closed or liquidated.

Across the perpetuals tracked here, open interest totals about $14.22B. The most committed markets:

• BTC: $2.75B open interest
• ETH: $2.49B open interest
• HYPE: $1.69B open interest
• SOL: $551.3M open interest
• ZEC: $526.6M open interest
• xyz:SP500: $400.2M open interest
• xyz:SKHX: $379.1M open interest
• xyz:GOLD: $351.7M open interest

BTC carries the most open interest at $2.75B.

Why this matters Crowded positioning can unwind quickly. When a heavily one-sided market turns, forced liquidations can cascade, and price can move much faster than the underlying news would suggest. That is exactly the environment where a hard stop and sane leverage matter most.

Hypertrade AI brings market context, strategy decisions and positions into one terminal. Each strategy follows its own entry and position-management rules. Explore the strategy overview or the demo terminal.

The bottom line Open interest shows where conviction, and risk, is concentrated. See the full board on the live markets page.

This brief is a snapshot of public Hyperliquid market data and is for education only. Figures move constantly and may lag the venue. Trading perpetual futures involves substantial risk of loss and is not suitable for everyone. Nothing here is financial advice or a recommendation to trade.