The share of Hypurr holders with an open position who are leaning long right now, counted one holder, one vote.

How to read this. The index counts open positions by direction only. A lot of Hypurr wallets aren't taking a bet at all. They run delta-neutral, hedged, or market-making books, so a "long" you see here is often just one leg against a short somewhere else (a funding-rate carry, a basis trade, an LP hedge). That's why holders can lean heavily long while the biggest dollars lean short. Read it as a live positioning snapshot of the pride, not crowd sentiment, and never a signal to copy.