On Hyperliquid, $3.7 billion was allocated to leverage of 3-7x within 24 hours, representing the largest share.

According to on-chain analyst Ai Yi's monitoring, of the $7.63 billion in OI (open interest contracts) in the past 24 hours, $3.7 billion was leveraged at 3-7 times, accounting for the largest share. This was followed by $2.77 billion in leveraged at 0-3 times. Leverage of 7 times or more saw a sharp decrease. Among the lower leveraged funds, hedging institutions held a large amount of short-selling funds, and the funds of a single address held by a major insider accounted for 18.6% of the 3-7 times leveraged funds.