Asset Intelligence / Hyperliquid Context
BTCD
Archive-backed market intelligence for BTCD: every HIPERWIRE mover article tied to this asset, plus a client-refreshed live market panel.
BTC.D tracks Bitcoin's percentage share of total crypto market capitalization across the top 125 assets. Bitcoin dominance is the most widely referenced measure of capital rotation between Bitcoin and altcoins.
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Archive Summary
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How to Trade BTCD (Bitcoin Dominance) on Hyperliquid
BTCD is a perpetual index that tracks Bitcoin Dominance — Bitcoin's percentage share of total crypto market capitalization measured across the top 125 assets. It is deployed on Hyperliquid via HIP-3 by Paragon, the first venue to make this benchmark directly tradeable as a standardized contract. With dominance reclaiming 60% in April 2026 and ETF flows reshaping how capital enters crypto, BTCD lets traders take a clean view on the rotation between Bitcoin and altcoins instead of expressing it through messy basket trades.
Background reading selected from this asset's symbol, builder context, and archived catalyst coverage.
HIP-3 Explained: Builder-Deployed Perps on Hyperliquid
HIP-3 lets anyone deploy a perpetual futures market on Hyperliquid — no approval, no gatekeepers. Builder mechanics, fees, and live markets.
Funding Rates Explained: A Trader's Guide (2026)
Funding rates decide if you pay or earn holding a perp position. How Hyperliquid's hourly funding works, reading rate signals, and cash-and-carry arbitrage.