# Understand Hyperliquid BTC and ETH with an AI agent

A practical guide to reading BTC and ETH funding, local order-book liquidity and source freshness before making a decision.

Retail workflow guide · No live trading

Content reviewed: 2026-10-24

Canonical: https://catalystdesk.ai/en/agents/hyperliquid-analysis

Revision: retail-discovery-2026-10-24.1

## At a glance

Use an agent to explain measured market conditions, not to invent a trade. CatalystDesk combines structured quantitative context with a hosted explanation and keeps the underlying evidence visible.

## Ask a question the data can answer

For BTC or ETH, start with: how wide is the spread, how much returned depth is near the midpoint, and which side pays the current funding rate? A large displayed depth is not a guaranteed fill, and a funding observation is not a forecast.

## Read the evidence before the conclusion

Inspect source timestamps, expiry, market identity and unavailable fields alongside the explanation. A missing oracle event timestamp stays unknown. A historical snapshot is useful for review but cannot be treated as a current opportunity.

## Move from explanation to a bounded task

Where the service is enabled, verify your email, choose BTC or ETH and review the maximum analysis cost before running. Save a monitoring task or explore a simulation after reviewing the result. A completed analysis is not authorization for a real order.

## Start small, keep your budget visible

When a trial campaign is active, eligible verified accounts can claim up to $0.50 in service allowance for at most three analysis admissions, expiring within seven days. The workspace shows the actual offer and cost cap before use. Add $10 or $20 of Credits only through an enabled checkout; applicable tax is shown there. Credits cover CatalystDesk analysis and model use, not wallet funding or trading capital. After reviewing a simulation, a separately enabled Testnet flow may let you review and sign each exact order in your wallet; this is not live-market access.

## Inspect a structured sample

Illustrative workflow, not market data or a complete API response

Illustrative workflow only. No source data, private model parameters or execution logic are included.

```json
{
  "example": "illustrative workflow only",
  "question": "What could change this market assessment?",
  "evidence": "Source context and missing information are identified.",
  "decision_state": "Human review required",
  "limitations": "No current market observation or execution instruction."
}
```

## Start with the service you can verify

The private workspace, when enabled, shows the current service status, per-analysis cost limit and your available allowance before you submit a task. Email verification is required. No ChatGPT or Claude account, model API key, wallet deposit or coding is needed for the hosted analysis flow. This guide does not activate the service or promise a free allowance. Real trading is not available in this flow.

## Protocol references

Venue documentation describes source protocols. It does not establish CatalystDesk deployment, integration endorsement or commercial availability.

- [Hyperliquid API: Info endpoint](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint)
- [Hyperliquid API: WebSocket subscriptions](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/websocket/subscriptions)

## Continue with the public documentation

- [Market intelligence for AI trading agents](https://catalystdesk.ai/en/solutions/ai-trading-agents)
- [Hyperliquid research and testnet workflows](https://catalystdesk.ai/en/integrations/hyperliquid)
- [Plan your first research workflow](https://catalystdesk.ai/en/developers/quickstart)
- [How to evaluate market context](https://catalystdesk.ai/en/methodology/market-context)
- [Product Credits and usage](https://catalystdesk.ai/en/pricing/api-credits)
- [From market observations to an agent review](https://catalystdesk.ai/en/research/hyperliquid-context-walkthrough)
- [Separate price differences from timing evidence](https://catalystdesk.ai/en/research/basis-and-source-clocks)
- [Budgets, receipts and independent execution approval](https://catalystdesk.ai/en/research/agent-budgets-and-approvals)
- [Monitor crypto market changes with a bounded agent](https://catalystdesk.ai/en/agents/market-monitoring)
- [Simulate a BTC or ETH trade before taking risk](https://catalystdesk.ai/en/agents/trade-simulation)