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

According to monitoring by Ai Yi, 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 risen significantly. On January 16th, the token price peaked and began to decline. During the same period, Hyperliquid's Open Interest (OI) also reached a peak, but the number of active contract traders remained low. On February 1st, the liquidation of a $600 million long position by the insider whale '1011' led to a sharp drop in OI, and the number of active traders subsequently increased. On February 8th, Yi Lihua liquidated $1.354 billion worth of ETH over 8 days, resulting in the liquidation of a large number of long positions. OI fell to a short-term trough, and the number of active contract traders rose further. Currently, the platform's OI is relatively low, but the number of active retail users has noticeably increased, and they show a preference for high-leverage trading.