Hyperliquid Market Sentiment
A live sentiment index built from elite Hyperliquid wallet positioning — not retail fear and greed. Combines the North Star directional signal, the current market regime, and smart money conviction into a single score updated every 4 hours.
Most crypto sentiment gauges measure retail behavior — search trends, social volume, volatility, and survey responses. HyprSwarm measures something different: what a tracked set of elite Hyperliquid wallets are actually doing with their capital.
The index is a composite of three signals: the North Star (a BTC-focused directional signal derived from smart money consensus), the market regime (whether conditions are risk-on, risk-off, or choppy), and the trend (whether conviction is improving or fading). These are weighted and combined into a 0–100 score.
A score above 60 means smart money is broadly positioned for upside. Below 40 means the tracked wallets are leaning short or defensive. The 41–59 band is neutral — no strong directional consensus across the wallet universe.
Score ranges
75–100 Strongly Bullish — high conviction long positioning across tracked wallets, RISK-ON regime.
60–74 Bullish — net long bias with improving or stable conviction.
41–59 Neutral — no clear directional consensus, or mixed signals between regime and wallets.
26–40 Bearish — net short bias or defensive positioning across wallets.
0–25 Strongly Bearish — high conviction short positioning, RISK-OFF regime.
The standard Crypto Fear & Greed Index aggregates signals like Bitcoin volatility, social media sentiment, Google Trends data, and retail survey responses. It reflects the emotional state of the average market participant.
The HyprSwarm index ignores retail noise entirely. It tracks a specific set of wallets on Hyperliquid with verified win rates and ELO ratings above a minimum threshold. These wallets have demonstrated edge over time — their positioning decisions carry more signal weight than retail sentiment shifts.
In practice, the two indexes often diverge. Retail panic (high fear) sometimes coincides with smart money accumulating longs. The divergence itself is informative — when smart money is positioned opposite to retail sentiment, squeeze conditions develop. The Squeeze Radar tracks exactly these situations.
What is the North Star signal?
The North Star is a single BTC-focused directional signal — BULLISH, NEUTRAL, or BEARISH — derived from the aggregate positioning of all tracked wallets in Bitcoin. Because BTC sets the macro direction for most altcoins, it carries the highest weight in the sentiment index. It also has a conviction level (1–5) and a trend indicating whether conviction is building or fading.
What does RISK-ON / RISK-OFF / CHOPPY mean?
The market regime classifies the current macro environment based on smart money behavior across all tracked coins. RISK-ON means wallets are broadly long with high consensus — capital is being deployed. RISK-OFF means defensive positioning dominates. CHOPPY means mixed signals: wallets disagree on direction or conviction is low across the board.
How often does the sentiment index update?
The underlying wallet data is refreshed every 4 hours (with a built-in 4-hour delay to prevent front-running). The sentiment score reflects the most recent data snapshot at the time of the last API update. The "Updated" timestamp shown on the page indicates when the data was last refreshed.
Can I use this to make trading decisions?
The sentiment index is informational — it shows you what a tracked set of wallets are doing, not what you should do. Past signal accuracy does not guarantee future performance. Always apply your own analysis. This is not financial advice.
How many wallets does HyprSwarm track?
The current tracked universe is 59 elite wallets on Hyperliquid, selected based on ELO rating, win rate, and minimum trade history. Wallet addresses are never exposed publicly. The count is shown on the Smart Money Dashboard.