Dominance · regime read
Who owns the OI?
BTC + ETH share of total Hyperliquid open interest and 24h volume. When majors dominate, capital is defensive. When alts run, risk appetite is on. Proxy for the classic altseason / BTC-season regime question.
Current regime
Altseason
BTC OI share below 35% — capital rotating into alts. Higher tail risk in both directions.
Altseason score
28/100
Open interest split
BTC 30.0%
ETH 17.1%
Alts 52.9%
BTC dominance
29.96% · $2.06B
ETH dominance
17.12% · $1.18B
Alts share
52.92% · $3.64B
24h volume split
BTC 55.9%
ETH 13.3%
Alts 30.7%
BTC vol
55.93% · $6.66B
ETH vol
13.34% · $1.59B
Alts vol
30.72% · $3.66B
Large-cap concentration
Top 7 by name (BTC + ETH + SOL + BNB + HYPE + XRP + DOGE) =76.0% of total OI
Top 10 alts by OI
See all 
Caveats
Dominance shown here is on Hyperliquid only— it mirrors the spirit of TradingView's BTC.D chart but on the perp DEX universe instead of full spot market cap. Cross-DEX dominance (HL + edgeX + Aster + CEX) comes in Sprint 6 connectors. For full crypto market cap dominance, see TradingView or CoinMarketCap.