This page collects Tape's full risk warning and explains, in plain language, how every number on the site is produced. The short version shown across the site links here so the terminal stays readable without hiding anything.
Risk warning: trading perpetual futures is highly risky and involves the use of leverage, which can amplify losses and lead to the rapid, total loss of your funds through liquidation. Crypto prices are volatile. Nothing on Tape is financial, investment, tax, or trading advice, and no outcome is guaranteed. Markets shown (including whale prints and the liquidation heatmap) are estimates or raw data, not signals. You are solely responsible for your own decisions. Tape is non-custodial software provided "as is" and "as available", with no warranties of any kind, express or implied. To the maximum extent permitted by law, Tape and its operators, contributors, and affiliates disclaim and are released from all liability for any loss, damage, or claim — including lost funds, liquidations, missed or failed orders, downtime, data errors, or third-party (Hyperliquid, wallet, RPC) failures — arising from use of this site or any trade. By using Tape you accept these terms, assume all risk, and release Tape from any and all liability. Trade only with funds you can afford to lose. Not available where prohibited.
Tape is a free, read-only, non-custodial analytics interface for the Hyperliquid perpetual-futures protocol. It never holds funds or keys, cannot place trades, and is not a broker, dealer, exchange, custodian, or investment adviser. Full legal terms: Terms of Service · Privacy Policy · Refund Policy.
Market data (prices, funding, open interest, volume, order books, trades) comes live from the public Hyperliquid L1 API and is verifiable on-chain. TradFi quotes derive from public market-data endpoints; Treasury figures from official U.S. Treasury sources, cited in place. Data can be delayed, gapped, or wrong — treat every number as an input to your own research, not a conclusion.
Support/resistance, moving averages (SMA 20/50/200, EMA 21), RSI(14), and ATR(14) are computed mechanically from Hyperliquid candles using standard Wilder formulas. Swing levels are fractal pivots clustered within ~1.2%, with touch counts shown. Breakout triggers are the 30-day range ± 0.25×ATR. The RSI scanner applies the same RSI(14) to 1h closes (4h aggregated from the same series) across the top markets by volume. These are descriptive statistics, not signals or advice.
A model estimate, not a data feed. Hyperliquid does not publish individual liquidation levels, so the heatmap projects where liquidations would cluster if positions were opened at recent prices across common leverage tiers (5–100x), weighted and decayed over time. Bright zones mean "model-implied density", not confirmed resting liquidations.
CVD accumulates taker buy minus taker sell notional from the live public trade feed since you opened the page — it resets when you switch markets and is session-relative, not exchange-official. The depth heatmap bins resting order-book notional within ±0.6% of mid, sampled about once per second; it shows displayed liquidity only, which can be spoofed or pulled at any time.
Signals are mechanical threshold crossings on public data (funding extremes, OI shifts, momentum). Leaderboard and "smart money" rankings are past-performance sorts of public wallets; past performance does not predict future results. Whale prints are large public fills, shown raw.
The AI read is generated by a large language model (Google Gemini) from the mechanical technical snapshot above — nothing else. It is cached for several minutes, can be inaccurate, incomplete, or stale, and is commentary on data, never a recommendation. The model name in use is shown in the API response at /api/btc-ai-read.
Tape Pro and the x402 pay-per-call API are optional. Crypto payments settle on-chain and are final; see the Refund Policy. Prices are shown before you pay.
Questions about anything on this page: support@tapeperp.com.