Hyperliquid active trading addresses decreased by 21% month-over-month, market cooling period adjustment underway

2025-12-15 13:20:14

【CryptoWorld】Active contract trading addresses on Hyperliquid have recently experienced a pullback. According to tracking data from HyperTracker, the current number of active contract trading addresses on the platform is approximately 168,833, down by 47,600 from the all-time high set in early November, representing a decrease of 21.97%.

This data change is quite worth pondering. From November to now, there has been a noticeable decline in platform user activity. Although the absolute number is still sizable, this degree of decline reflects that current market participants are adjusting their strategies, possibly waiting for new market opportunities to emerge, or it could be a normal cooling period following a peak in market heat.

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MoonWaterDroplets

· 12-18 12:01

A 21% decline? That's what they call a "cooling-off period." It sounds elegant, but it's really just a breather during the chives-cutting. The big players have all left, retail investors are still hyping at the bottom. I know this routine too well. Wait, 168,000 addresses are still active? More than I expected. It seems many chives still hold their ground. Only those with real patience can survive to the next rally. Is it cooling down or freezing over? Feels about the same. Activity dropped by 21%, but that's really not a big deal. Trolls always die on the eve of a market move.

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CryingOldWallet

· 12-18 00:50

A 21% drop, and once again this talk of a "cooling-off period." Let's wait and see.

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FarmToRiches

· 12-16 18:55

A 21% drop—that's just the daily routine in the crypto world. Stay calm and proceed normally.

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MEVSandwichMaker

· 12-15 13:50

What does the 21% drop indicate? It means everyone who should have been cut has already been cut. --- Cooling-off period? I think it's brewing for the next wave. This is when the most tests of patience happen. --- Wait, no, 168k is still quite a lot. It's not that bad. --- Starting to tell stories again, a drop is a drop. Don't talk about adjustment strategies. --- Hold on, isn't this data delayed? It should have rebounded now, right? --- After the peak of the hype, it's time to run. Those still waiting might be a bit late. --- Actually, this is quite normal. Contracts are like this, going back and forth. --- A 21% drop feels like the bottom has been reached. It might be a good time to position.

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ImpermanentPhilosopher

· 12-15 13:46

What does a 21% drop indicate? Just a bunch of people cutting their losses and leaving. Waiting for some new opportunity that never comes. Hyperliquid is just like this; it's normal for the hype to fade. On the nice side, it's a cooling-off period; on the harsh side, no one is playing anymore.

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SerumSquirter

· 12-15 13:28

21% direct cut, this is the true portrayal of the crypto world --- Same old excuse, cooling-off period or just selling off and running? --- Let's wait and see, it will definitely rebound, let's bet on it --- The number of addresses has plummeted so much, my holdings are shrinking too --- Brothers all ran away? What's going on here --- Normal adjustment, don't panic, the bottom-building phase is coming --- Claiming the cooling-off period is polite, but actually no one is playing anymore

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BlockchainArchaeologist

· 12-15 13:26

A 21% drop... Is this what you call a cooling-off period? I think, nine times out of ten, it's big players bottom fishing and holding back big moves. --- Another round of "adjustment"? I feel like this word is overused; every time, it comes right before a death spiral. --- Hey, after this data came out, did anyone cut their losses? Ask your friends around... --- Wait, where's the excitement? Has it cooled down already? Or am I too inexperienced to keep up with the rhythm? --- 168 million addresses still sound like a lot, but a 21% decline is really painful. --- A straight drop from all-time highs—this is just retail investors fleeing in panic, isn't it? --- Market cooling-off period... Isn't it just that it can't go up anymore? Such precise wording. --- Is it bad news or good news? Feels like stories can be spun from either side.

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MetaverseHomeless

· 12-15 13:21

A 21% decline indicates that quite a few people have already run away. This wave has indeed cooled down. --- Wait, is 168k addresses still considered few? It still feels quite active. --- Cooling-off period? I think quite a few people got cut through, haha. --- Is this what they call a "normal adjustment"? I feel more like a gap for harvesting profits. --- So now, is it a good time to buy the dip or to keep waiting? I'm a bit unsure. --- Hyperliquid's popularity has definitely cooled down in the past two months; it was being hyped everywhere before. --- With such a big drop, have the big players all moved to other platforms?

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