Hyperliquid Perpetual Contracts Now Support Trailing Stops

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Hyperliquid Perpetual Contracts Introduce Trailing Stop Functionality

PANews September 21 reported that Hyperliquid announced that the perpetual contracts market now supports trailing stops. The trailing stop trigger price adjusts as the mark price moves, provided that the movement is favorable to the position direction. When the mark price retraces from its best achieved level by the specified distance or percentage, the system triggers a market order. For long positions, the trigger price tracks the highest mark price reached since activation; for short positions, it tracks the lowest mark price. Users may choose to set an activation price to determine when tracking begins; if none is set, tracking starts immediately at the current mark price.

Source: https://www.panewslab.com/zh/articles/01a0c2cd-54f0-73d9-98d0-53e0b388d927

Key points

Hyperliquid announced that the perpetual contracts market now supports trailing stops.
The trailing stop trigger price adjusts as the mark price moves favorably.
When the mark price retraces from its best level by the specified distance or percentage, the system triggers a market order.
Long positions track the highest mark price since activation, while short positions track the lowest mark price.
Users may set an activation price; if none is set, tracking begins immediately at the current mark price.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

A trailing stop adjusts its trigger price as the price moves favorably and automatically submits a market order once the price retraces to the specified condition.

Why it matters to readers

Users can set a distance or percentage so that stop-loss trigger conditions adjust as the mark price changes.

This is an automated stop-loss tool, but it requires an understanding of mark prices, activation prices, and market orders.

Risks and unknowns

No specific risk assessment is available; this does not mean there is no risk.

Hyperliquid Perpetual Contracts Now Support Trailing Stops

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