# \[Hyperliquid] BTC Dominance \[Deprecated]

<figure><img src="/files/C2LkqZteOEbAjEvGng6K" alt=""><figcaption></figcaption></figure>

Neutral Trade is now live on Hyperliquid — starting with our [Funding Arb](/for-capital-allocators/market-neutral/hyperliquid-funding-arb.md) strategy and expanding with two brand-new Dominance Vaults, built directly on Hyperliquid’s native vault infrastructure.

{% hint style="info" %}
Save more on Hyperliquid! Use our Referral Code:

<https://app.hyperliquid.xyz/join/NEUTRALTRADE>
{% endhint %}

<figure><img src="/files/ekrfomtMzWbkND8k4xxS" alt=""><figcaption></figcaption></figure>

## 🤔 What is Dominance?

Dominance shows how much of the total crypto market is allocated to a specific asset — **BTC** or **Altcoins.**

### ➗Formulas:

$$
\text{Dominance}*{BTC} = \frac{\text{Market Cap}*{BTC}}{\sum\_{i=1}^{N} \text{Market Cap}\_i}
$$

This ratio reflects capital flows:

* **BTC Dominance ↑** → Capital is rotating into Bitcoin (risk-off)
* **BTC Dominance ↓** → Capital is rotating into altcoins (risk-on)

**ALT Dominance** is simply the inverse:

$$
\text{Dominance}*{ALT} = 1 - \text{Dominance}*{BTC}
$$

***

## 1. BTC Dominance Vault

<figure><img src="/files/xLHPl0VRmqliAoZpDHOv" alt=""><figcaption></figcaption></figure>

This vault captures **Bitcoin strength relative to altcoins**.

It goes:

* **Long BTC**
* **Short a diversified altcoin basket on Hyperliquid**

You profit when Bitcoin **outperforms** alts — even in flat or declining markets (You are market-neutral)

### 1.1 Mechanics and features

* **1x notional exposure** — fully collateralized, no leverage
* **Daily rebalancing** using float-adjusted market caps
* Automated algorithms (No manual rebalancing)

### 1.2 BTC Dominance Vault Flow

{% @mermaid/diagram content="flowchart TD
A\[User deposits USDC] --> B(BTC Dominance Vault)
B --> C(Long BTC)
B --> D(Short Alt Basket)
C & D --> E{Daily<br>Rebalance}
E --> F\[Vault P\&L]" %}

### 1.3 Live Allocation (The latest snapshot)

| Asset            | Direction | % of Vault AUM |
| ---------------- | --------- | -------------- |
| **BTC**          | Long      | 51%            |
| ETH              | Short     | 19.9%          |
| XRP              | Short     | 8.8%           |
| BNB              | Short     | 6.1%           |
| SOL              | Short     | 5.2%           |
| *Rest of top-20* | Short     | 8.0%           |

### 1.4 Weights Visualization (The latest snapshot)

{% @mermaid/diagram content="pie title BTC Dominance Vault – Weights
"BTC Long" : 51
"ETH Short" : 19.9
"XRP Short" : 8.8
"BNB Short" : 6.1
"Other Alts Short" : 14.2" %}

***

## How You Make Money

Crypto doesn’t just move up or down — it **ROTATES**

Sometimes Bitcoin leads. Sometimes altcoins run. That back-and-forth creates one of the most reliable patterns in the market — and **Dominance Vaults** are built to capture it

### Here's how you benefit:

#### 1. **Profit from Capital Rotation**

Markets frequently rotate between **risk-on** (focused on altcoins) and **risk-off** (focused on Bitcoin) phases, representing two flip sides.

You make money when one side **outperforms** the other, even if overall prices stay flat.

<figure><img src="/files/3dydfNmJSAF0Xf4GBbKO" alt=""><figcaption></figcaption></figure>

#### 2. Risk-controlled investment

The vaults spread your position across a carefully selected basket of assets — including L1s, DeFi, memes, and majors — to reduce the impact of any single token blowing up or underperforming

### TLDR:

* **BTC Dominance Vault** → Long BTC / Short Alts → Works best during BTC rallies or corrections
* **ALT Dominance Vault** → Long Alts / Short BTC → Works best during altcoin season
* 100% market-neutral, daily-rebalanced and auto-optimized
* Easy to use

***

## Fees & Withdrawals

10% commission on profits our trading made for you.

***

## Deposit Links:

Neutral Trade website:

{% hint style="info" %}
[https://www.app.neutral.trade/strategies/](https://www.app.neutral.trade/strategies/hyperjlp)
{% endhint %}

Hyperliquid directly:

> BTC Dominance Vault: <https://app.hyperliquid.xyz/vaults/0x799e0112977c37f8d93a768cf5a2305bdd3ae6f9>

## Check Positions Here (Hyperliquid)

{% hint style="info" %}
BTC Dominance Vault: <https://app.hyperliquid.xyz/vaults/0x799e0112977c37f8d93a768cf5a2305bdd3ae6f9>
{% endhint %}

***

### Launch date - 25th June 25'


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