Is leveraged positioning becoming overheated?
Which side is building leverage, and where forced position closures could strain the liquidity available to absorb them.
Leverage Stress Live · BTC and ETH every 15 minutesCrypto market intelligence
for traders.
Price tells you where the market settled. KnownAt reads the pressure behind it: how much leverage is carrying the move, whether heavy flow is being absorbed, and which groups are drifting to opposite sides.
VenuesHyperliquid
InstrumentsPerps and spot
RecordedTrades · funding · OI
ModelsThree live
Worked example · 18 Sep 2026
Price is flat. Positioning is not.
Larger wallets are reducing long exposure while smaller wallets are adding, and leverage keeps building on the long side.
Price · % from window startLeverage Stress · index 0–100
Price+0.4% over 24hObserved
Leverage Stress readsOpen interest, funding and liquidation activity on the captured perpetuals.
Observed to 18 Sep 2026, 16:00 UTCCoverage Readings are built from Hyperliquid perpetual and spot markets — trades, order books, funding and open interest. This is positioning in those contracts, not a consolidated view of every exchange.Estimated Model states are inferred from the observations above, not measured directly.Fixed example. Not live market data.
What you can read
on crypto.
Readings are built from Hyperliquid perpetual and spot markets — trades, order books, funding and open interest. This is positioning in those contracts, not a consolidated view of every exchange.
Why has heavy buying or selling stopped moving the price?
Persistent one-sided flow measured against the price response, and the periods where activity builds without a matching move.
Flow Absorption LiveWhich groups are taking opposite sides of this market?
How exposure is shifting between larger and smaller wallets, and when the two start moving in different directions.
Positioning Divergence LiveBeing built
for this market.
Where forced closing could extend a move rather than end it.
Where crypto pricing and event pricing stop agreeing.
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