SOXL
- xyz:SOXL
- Equity perpetual
- 24/7
- Up to 10x
$57.25
-13.52% · 24hMark · · price updates every 30 seconds
- 24h volume
- $294.96M
- Hyperliquid, notional
- Open interest
- $22.31M
- -19.26% 24h · +8.58% 1h
- Funding
- +5.5% APR
- +0.0006% per hour · below the 30d median
- 7d high
- $69.74
- 17.9% below it · hit 11 Nov,
- Top traders
- $337.07K L · $4.32M S
- net longer by $683k over 24h
- 4h momentum board
- #26
- 24 recent winners long · share 1.0% to 0.7% in 1h
O 58.31 · H 58.51 · L 56.08 · C 57.29
Hyperliquid candles, local time
Senpi read
Shorts control SOXL after a -15.06% 24h crash that sold every bounce, but the short side is 94% one wallet and top traders are quietly adding longs into the drop.
- SOXL ran from a Nov 6 close of 46.028 to a 7d high of 69.735 two days ago, then collapsed to 55.726. Two intraday bounces at 65.123 and 66.820 were both sold, and price has not held a recovery since. Open interest is down -18.56% in 24h with longs closing out, and BTC is down -4.33% on the same window, so this is a broad deleveraging that SOXL amplified.
- Recent winners board is short: 27 traders sit at #23 in Hyperfeed with a 0.7% share of 4h gains, all on the short side. That is where the 4h money was made. The biggest position is a profitable short: 0x795c…a242 holds $843k short from entry 66.304, now +15.95% in profit. This one wallet is 94% of the entire short side, so the short trade is concentrated rather than broad. Top traders lean short but are adding longs: the cohort holds $900k short vs $332k long (2 wallets each), yet over 4h they went net longer by $5.1M, dropping 1 long wallet and 2 short wallets. Over 24h they added $4.8M net long. Some of the most profitable wallets are fading this crash. Mid-size winners lean long: 4 holders carry $1.5M long against just $72k short. The largest of these, 0x14e2…5b57, is long $741k from 50.917 at +9.45%, while 0xf005…76dd is long $443k from 56.653 and underwater at -1.64%. Funding is normal at +5.5% APR (longs pay shorts), well inside the 30-day range of -1026.3% to +1196.1% a year. No funding extreme either way. Liquidation clusters sit below: $331k in long liquidations between 47.367 and 39.008, and $1.2M between 39.008 and 27.863. The nearest short liquidations are $843k above, between 64.085 and 72.444, far from current price. Nothing on this asset is in Senpi's tradeable feed, so no signal-level edge is firing.
- Shorts have the tape: price is falling, bounces are being sold, OI is unwinding, and the 4h winners are all short. But the short side is essentially one wallet, the move is already -19.11% off the 24h high, and the top-trader cohort is net adding longs into the drop. That is a late, concentrated short with smart hands starting to push back. It would shift toward longs if price reclaims 64.042 (the Nov 13 13:59 hourly close) and holds, or if top traders keep adding long size.
Full analysisHide analysis
What would change it: More top wallets joining the short side.
Top signal: shorts at 93% of top-trader notional ($4.7M)
Written by Senpi's engine from Hyperliquid open interest, funding and the proven-trader cohort. A read describes positioning at its time; it is not a forecast or investment advice.
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About tokenized SOXL
The xyz:SOXL perpetual on Hyperliquid tracks the price of SOXL and trades 24/7, including nights and weekends when its home market is closed. Longs and shorts pay or receive funding every hour, which keeps the contract near its reference price. Holding it gives price exposure settled in USDC: no shares, voting rights, dividends or delivery.
Earlier today
- vs 1h agovs 4h agovs 24h ago
- Proven traders traded
- net shorter by $1.7M
- net shorter by $3.4M
- net longer by $683k
- Top traders' net change
- -$2.08M
- -$3.69M
- +$1.48M
- Holders long / short
- -1 / 0
- -1 / +1
- -1 / -1
- Open interest
- +8.58%
- —
- -19.26%
How positioning moved around the latest read. For more, ask Senpi above.
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Data: Hyperliquid and Senpi's engine · prices as of · not investment advice
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