The number of active retail users on Hyperliquid has increased significantly, with a preference for high-leverage trading.

Odaily reported, according to Ai Aunt's monitoring, the number of active contract traders on the Hyperliquid platform is about to approach the highest level in the past six months. Since January, the number of active traders on the platform has risen significantly. On January 16, the coin price reached its peak and began to decline. At the same time, Hyperliquid's open interest (OI) also peaked, but the number of active contract traders remained low. On February 1, the $600 million long position of the 1011 insider whale was liquidated, causing OI to drop sharply, and the number of active traders subsequently increased. On February 8, Yilihua liquidated $1.354 billions worth of ETH in 8 days, resulting in a large number of long positions being liquidated, OI dropped to a short-term low, and the number of active contract traders further increased. Currently, the platform's OI is relatively low, but the number of active retail traders has increased significantly, and they prefer high leverage trading.