Data: 75% of Hyperliquid Traders Are Losing Money—What Strategies Are the Profitable Ones Using?

Author: Stacy Muur

Translated and edited by TechFlow

TechFlow Intro: Approximately three-quarters of addresses on Hyperliquid are losing money—not due to bad luck, but because the rules of the game have changed. While you’re still staring at candlestick charts searching for patterns, arbitrage bots have already captured the profits. Data shows that truly profitable traders either execute systematic algorithmic strategies or place large, high-conviction bets on asymmetric opportunities—manual, screen-staring retail traders are increasingly becoming exit liquidity for others.

Approximately 75% of addresses on Hyperliquid are in loss positions.

The reality is that manual traders on Hyperliquid are competing against tireless, automated systems—and by the time you spot a trading opportunity, the system has already priced it in.

By the time you recognize a pattern, it’s highly likely it has already been arbitraged.

Extreme funding rates are balanced instantaneously.

Technical patterns have already appeared across more than 50 order books.

News headlines are priced in as soon as they appear.

What the most profitable traders are doing:

→ 1. Running systematic strategies (the second-highest-earning address this month executed 261,000 trades with a win rate of 64.75%)

→ 2. Holding high-conviction positions to bet on asymmetric returns (one wallet earned $4.48 million from just 50 trades, with a win rate of 28%)

→ 3. Using algorithms as execution tools while making macro-level judgments manually

If you possess timing insight into market narratives, structural understanding, or unwavering conviction when everyone else has capitulated, you can still generate profitable trades.

But if your trading relies solely on chart patterns or news seen on X, you’re most likely just providing exit liquidity.