Hyperliquid Launches Trailing Stops for Perpetual Futures Markets

Hyperliquid has introduced a new feature to its perpetual futures markets - trailing stops. This allows traders to set an automatic trigger price that moves in their favor as positions move up or down.

The trigger price follows the mark price, which is the highest or lowest point reached since activation for long or short positions respectively. When the price retraces from this level by a certain distance or percentage, it triggers a market order.

Traders can choose between a fixed distance and a percentage when setting the retracement threshold. An optional activation price lets them delay tracking until the market reaches a specified level.

The feature expands Hyperliquid's existing set of conditional order tools as activity across its perpetual futures platform continues to grow.