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Hyperliquid Positioning by Cohort

How Hyperliquid traders are positioned by account size, from accounts under $10K to whales, and by all-time PnL, from consistent losers to the wallets that made $1M or more ("smart money"). Computed from real on-chain positions of tracked wallets, updated hourly.

In the account-size snapshot, tracked Hyperliquid wallets held $5.59B long and $5.59B short across all coins: 50.0% long by value. Smart money vs retail: the 594 tracked wallets that made $1M or more on Hyperliquid are 50.6% long by value (net +$66.89M), while the 2,953 accounts under $10K are 70.3% long (net +$33.52M). Both lean long. Both are samples: only wallets this site tracks and polled in the 6 hours before the snapshot, about 89.7% of open interest on Hyperliquid, and the PnL tiers only include wallets on Hyperliquid's leaderboard.

8,421 tracked wallets with positionsHyperliquid native perpsHourly snapshotAs of 10:00 UTC

Tracked walletsat size snapshot
8,421
$11.18B tracked89.7% of HL OI
Smart money longmade $1M+
50.6% long
594 walletsnet $66.89M
Retail longaccounts under $10K
70.3% long
2,953 walletsnet $33.52M

By account size

tier by account value · all coins

Snapshot 2026-09-29 10:00 UTC

Account sizeWalletsLongShortNetLong %
Under $10K2,953$58.01M$24.49M$33.52M 70.3%
$10K–$100K3,366$489.61M$265.38M$224.23M 64.9%
$100K–$1M1,751$1.49B$1.04B$448.88M 58.9%
$1M–$10M319$2.44B$1.76B$681.75M 58.1%
$10M and up32$1.11B$2.50B-$1.39B 30.7%
All wallets8,421$5.59B$5.59B-$4.64M 50.0%

Wallets: tracked wallets in the tier with any open position; long and short add up every coin at the mark price.

By all-time PnL

tier by all-time PnL (leaderboard wallets only) · all coins

Snapshot 2026-09-29 10:00 UTC

All-time PnLWalletsLongShortNetLong %
Lost $1M or more159$625.37M$1.06B-$438.52M 37.0%
Lost $100K–$1M649$248.74M$436.75M-$188.02M 36.3%
Within ±$100K3,850$542.11M$326.94M$215.17M 62.4%
Made $100K–$1M1,742$954.20M$368.95M$585.25M 72.1%
Made $1M or more594$3.03B$2.96B$66.89M 50.6%
All leaderboard wallets6,994$5.40B$5.16B$240.78M 51.1%

Wallets: tracked wallets in the tier with any open position; long and short add up every coin at the mark price.

Bias grid: top 20 coins by account size

share of position value long
CoinUnder $10K$10K–$100K$100K–$1M$1M–$10M$10M and up
ETH68.6%63.3%58.1%60.9%33.6%
BTC61.7%59.3%61.2%63.2%22.5%
HYPE68.8%58.1%51.9%58.0%47.3%
ZEC69.4%71.1%67.6%53.1%18.5%
SOL68.0%59.2%53.0%59.1%35.4%
NEAR84.9%77.5%59.1%53.5%33.2%
XRP89.0%78.3%46.5%66.5%39.7%
PUMP85.1%78.7%80.7%60.3%6.8%
LIT84.4%77.8%66.1%52.6%12.0%
ENA74.6%80.5%68.1%60.8%5.9%
DOGE95.1%79.0%70.6%54.7%22.7%
LINK78.8%71.7%62.8%68.8%11.0%
XPL93.8%71.3%70.9%50.1%16.8%
UNI93.4%88.0%71.4%38.4%4.7%
AAVE86.2%60.1%41.7%54.2%51.3%
TAO98.9%83.7%67.8%40.8%23.6%
SUI67.9%76.8%64.2%65.5%2.4%
WLD86.0%93.4%72.4%49.6%11.9%
XMR80.0%61.6%31.5%42.5%81.6%
ONDO89.6%86.3%68.4%49.2%2.6%

shortlong · hover a cell for wallets and net value

Bias grid: top 20 coins by all-time PnL

share of position value long
CoinLost $1M or moreLost $100K–$1MWithin ±$100KMade $100K–$1MMade $1M or more
ETH40.2%26.8%63.5%68.2%52.7%
BTC47.0%34.8%56.7%74.6%44.8%
HYPE35.7%46.2%46.3%62.1%57.5%
ZEC29.1%47.4%54.6%76.0%48.6%
SOL36.9%12.7%79.9%71.9%49.4%
NEAR22.8%34.4%86.5%79.0%64.8%
XRP28.4%62.2%90.4%81.6%48.4%
PUMP22.0%70.5%88.4%89.3%45.6%
LIT0.9%60.5%79.6%82.5%62.7%
ENA41.6%62.2%74.9%92.3%31.5%
DOGE67.0%53.4%90.5%88.5%37.0%
LINK34.0%61.6%64.5%83.9%43.0%
XPL18.3%36.3%84.6%71.9%46.3%
UNI0.0%54.7%81.8%79.8%55.1%
AAVE15.8%14.6%79.0%85.2%63.4%
TAO17.4%59.9%85.0%85.0%52.1%
SUI29.6%64.7%84.0%82.2%44.8%
WLD45.5%59.3%87.5%86.9%36.0%
XMR34.6%29.6%46.8%63.7%53.8%
ONDO9.7%31.7%88.2%85.9%41.4%

shortlong · hover a cell for wallets and net value

Coverage

snapshot coverage

Account size: 2026-09-29 10:00 UTC

All-time PnL: 2026-09-29 10:00 UTC

8,421 tracked wallets held open positions in the account-size snapshot, worth $11.18B, about 89.7% of open interest on Hyperliquid (tracked long + short ÷ 2 × OI). 6,994 leaderboard wallets appear in the PnL snapshot (94.5% of the tracked value). Each snapshot includes only positions of wallets polled in the 6 hours before that snapshot. Vaults and protocol accounts such as HLP (accounts worth over $1B) are excluded.

How to read it. Size tiers group wallets by account value; PnL tiers by all-time profit and loss on Hyperliquid's leaderboard. Long % is the share of the tier's position value that is long; net is long minus short at the mark price. The page calls wallets that made $1M or more "smart money" and accounts under $10K "retail"; neither label is a guarantee of skill. Vaults and protocol accounts (HLP and other accounts worth over $1B) are excluded, so the tiers show traders' positioning. Not financial advice.

Hyperliquid cohort positioning FAQ

What does Hyperliquid positioning by cohort show?

How the Hyperliquid wallets this site tracks are positioned, grouped two ways: by account size (from under $10K to $10M and up) and by all-time profit and loss on Hyperliquid's own leaderboard (from wallets that lost $1M or more to wallets that made $1M or more). For each group: how many wallets hold a position, the long and short position value at the mark price, the net and the share long.

Where does the data come from?

From Hyperliquid itself. Hyperliquid is an on-chain exchange, so every account's positions are public. This site reads the positions of tens of thousands of wallets from Hyperliquid's public API and Hyperliquid's public leaderboard for all-time PnL, and adds them up once an hour.

How complete is it?

It is a large sample, not every account. Only positions of wallets checked in the 6 hours before each snapshot count. The PnL tiers only include wallets that appear on Hyperliquid's leaderboard, so they cover less than the size tiers. Each page shows how many wallets are included and what share of Hyperliquid open interest they hold.

Are vaults included?

No. Accounts worth more than $1.00B are almost certainly vaults (such as HLP) or protocol accounts rather than traders, so their positions are left out of every tier and of the tracked value. Snapshots from before this change was made (late September 2026) still include them.

Is following smart money a good strategy?

Not on its own. The wallets that made the most in the past are not guaranteed to be right next time, and a group's net position mixes hedges, market making and directional bets. Treat it as one input. This is market data, not financial advice.