Working with the data·5 min read

How to Compare a Wallet Across Hyperliquid Markets

Cross-market wallet analysis works when each market keeps its own exposure, window, and evidence context.

Keep each market separate

The same address can hold different sides and sizes across BTC, ETH, SOL, HYPE, and XRP. Isobath treats each as a separate wallet-market pair so a BTC position is not accidentally presented as an ETH position.

Use the Rotation view

Rotation finds an observed reduction in one supported market alongside an increase in another inside the same window. For example, a wallet might reduce observed BTC exposure by $9.1M while increasing observed ETH exposure by $7.4M.

Verify both legs

Open each linked event and check its before-and-after values, side, timestamp, rank/share, and coverage. The paired changes show what occurred in the record. They do not prove that the account intentionally “moved” capital or had a particular thesis.

Add market-wide context

Use the Heatmap to see whether the pair is part of broader observed activity. Compare market flow and concentration on each market before describing one wallet as representative.

Write the comparison precisely

A defensible summary names the wallet, both markets, both event types, the observation window, and the coverage. Use “observed reduction” and “observed increase,” then link the events and methodology.