The Method
Antesigna turns the visible positions of 100 screened Hyperliquid traders into a single aggregate market read. It measures positioning; it does not predict returns or expose individual traders.
1. The Hundred, not a leaderboard
The tracked set is selected through a multi-signal process that looks for durable directional behavior across multiple time horizons.
The product is designed around the aggregate read: what it measures, how to interpret it, and its limitations.
2. Tracker integrity
The Hundred are reconsidered weekly and must pass automated checks for data sufficiency, set stability, structural integrity, and aggregate sanity. If a proposed refresh fails those controls, the previous accepted set remains live.
Accepted changes are deployed atomically. Movement comparisons are clamped at a cohort change, so selection turnover is not presented as trader activity.
3. Metric definitions
These measures answer different questions. They are meant to be read together; none is a forecast or a trade instruction.
Signum
The primary, normalized read of the Hundred’s aggregate positioning, from −1 to +1. Negative is short-leaning, positive is long-leaning, and values near zero mean overall positioning is closely balanced.
Net long / short
The signed dollar exposure: published long notional less published short notional. It answers “which side has more dollars?” rather than “how balanced is the whole formation?”
Tilt
A market-level measure of directional skew. −100% is wholly short, +100% wholly long, and 0% is balanced. Gross is total long + short notional across the Hundred.
Conviction
The asset’s weighted long-vs-short agreement across the Hundred: +1 is fully long-aligned, −1 fully short-aligned, and 0 balanced.
Why the dashboard can look counterintuitive
- Signum can be near flat while net exposure is large. Large long and short books can offset one another, leaving a small normalized aggregate lean even when the remaining dollar difference is meaningful.
- The aggregate can be short while most markets are long. Breadth counts markets; net exposure measures dollars. A few large short markets can outweigh many smaller long ones.
- BTC can be net long while Signum is flat. Signum reflects the full tracked formation, not a vote on one asset. A notable market move can be offset elsewhere on the Board.
4. Cadence and alerts
The public dashboard refreshes hourly. The free Telegram feed publishes scheduled reads. The Watch evaluates the complete tracked market universe after each successful refresh and contacts subscribers only when an aggregate regime, net exposure, tilt, or conviction change clears its materiality threshold.
The Ledger records scheduled aggregate snapshots. The Watch delivers material alerts directly to subscribers.
5. Known limitations
- Hyperliquid-visible positions may be hedged on another venue or in spot.
- Historical success does not guarantee useful or persistent future signal.
- On-chain data, third-party APIs, and calculations can be delayed, incomplete, or erroneous.
- A screened trader or the aggregate read can be early, wrong, squeezed, or liquidated.
- The methodology and results have not been independently audited.