Hyperliquid Positioning by Cohort
How Hyperliquid traders are positioned by account size and by all-time PnL, from past 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 $3.00B long and $3.21B short across all coins: 48.3% long by value. Top winners vs top losers: the 364 tracked wallets that made $1M or more on Hyperliquid are 27.8% long by value (net -$1.31B), while the 132 tracked wallets that lost $1M or more are 89.1% long (net +$757.70M). They disagree: top winners lean short, top losers long. Both are samples: only wallets this site tracks and polled in the 6 hours before the snapshot (all tracked wallets together, not just these two tiers, cover about 81.1% of open interest on Hyperliquid), and the PnL tiers only include wallets on Hyperliquid's leaderboard.
By account size
tier by account value · all coinsSnapshot 2026-11-14 04:00 UTC
| Account size | Wallets | Long | Short | Net | Long % |
|---|---|---|---|---|---|
| Under $10K | 564 | $27.12M | $2.56M | $24.57M | 91.4% |
| $10K–$100K | 1,945 | $410.73M | $143.86M | $266.87M | 74.1% |
| $100K–$1M | 1,058 | $1.10B | $699.34M | $398.00M | 61.1% |
| $1M–$10M | 215 | $1.14B | $1.07B | $63.43M | 51.4% |
| $10M and up | 21 | $327.59M | $1.29B | -$962.99M | 20.2% |
| All wallets | 3,803 | $3.00B | $3.21B | -$210.11M | 48.3% |
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 coinsSnapshot 2026-11-14 04:00 UTC
| All-time PnL | Wallets | Long | Short | Net | Long % |
|---|---|---|---|---|---|
| Lost $1M or more | 132 | $863.74M | $106.04M | $757.70M | 89.1% |
| Lost $100K–$1M | 459 | $433.34M | $105.99M | $327.35M | 80.3% |
| Within ±$100K | 925 | $222.59M | $144.84M | $77.75M | 60.6% |
| Made $100K–$1M | 624 | $265.70M | $292.90M | -$27.19M | 47.6% |
| Made $1M or more | 364 | $818.41M | $2.13B | -$1.31B | 27.8% |
| All leaderboard wallets | 2,504 | $2.60B | $2.78B | -$172.27M | 48.4% |
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| Coin | Under $10K | $10K–$100K | $100K–$1M | $1M–$10M | $10M and up |
|---|---|---|---|---|---|
| BTC | 89.5% | 77.2% | 62.4% | 58.4% | 22.4% |
| HYPE | 94.4% | 65.8% | 56.3% | 46.5% | 37.1% |
| ETH | 96.6% | 78.1% | 70.3% | 54.5% | 4.9% |
| ZEC | 78.9% | 78.6% | 71.1% | 65.9% | 1.1% |
| SOL | 95.4% | 71.9% | 66.3% | 45.9% | 7.5% |
| NEAR | 80.1% | 80.7% | 48.2% | 53.1% | 1.9% |
| XMR | 47.1% | 57.5% | 27.7% | 51.9% | 68.2% |
| LIT | 100.0% | 76.4% | 69.9% | 32.4% | 13.9% |
| XRP | 95.9% | 67.6% | 38.1% | 49.0% | 33.8% |
| PUMP | 93.0% | 84.9% | 58.1% | 21.5% | 0.1% |
| VVV | 75.8% | 62.4% | 71.8% | 49.9% | 0.0% |
| ZRO | 100.0% | 85.9% | 65.7% | 28.2% | 13.4% |
| UNI | 91.6% | 85.8% | 64.1% | 24.3% | 10.9% |
| kPEPE | 76.8% | 87.8% | 64.2% | 17.2% | 0.0% |
| ENA | 98.0% | 94.4% | 64.7% | 26.8% | 2.6% |
| AAVE | 100.0% | 56.3% | 73.4% | 33.1% | 10.3% |
| LINK | 100.0% | 78.0% | 67.1% | 51.6% | 6.2% |
| DOGE | 100.0% | 87.2% | 70.4% | 75.3% | 9.5% |
| XPL | 55.6% | 86.5% | 75.9% | 41.3% | 0.2% |
| BNB | 100.0% | 42.1% | 44.0% | 49.5% | 72.3% |
shortlong · hover a cell for wallets and net value
Bias grid: top 20 coins by all-time PnL
share of position value long| Coin | Lost $1M or more | Lost $100K–$1M | Within ±$100K | Made $100K–$1M | Made $1M or more |
|---|---|---|---|---|---|
| BTC | 93.9% | 88.1% | 60.1% | 61.5% | 18.7% |
| HYPE | 73.5% | 67.2% | 52.4% | 43.6% | 47.1% |
| ETH | 96.0% | 78.4% | 57.1% | 37.1% | 22.8% |
| ZEC | 84.0% | 82.0% | 63.6% | 55.4% | 25.8% |
| SOL | 94.0% | 89.0% | 64.6% | 50.4% | 8.4% |
| NEAR | 88.6% | 83.2% | 93.4% | 54.6% | 12.2% |
| XMR | 73.9% | 58.4% | 41.8% | 27.8% | 25.7% |
| LIT | 37.2% | 80.4% | 80.8% | 54.9% | 41.1% |
| XRP | 99.3% | 78.5% | 46.4% | 17.1% | 25.3% |
| PUMP | 98.9% | 89.0% | 33.7% | 45.1% | 28.7% |
| VVV | 56.5% | 70.4% | 71.7% | 25.9% | 46.5% |
| ZRO | 42.6% | 74.9% | 91.2% | 49.5% | 36.6% |
| UNI | 100.0% | 93.5% | 74.5% | 48.5% | 25.7% |
| kPEPE | 46.3% | 79.5% | 62.7% | 76.6% | 13.9% |
| ENA | 93.7% | 98.2% | 81.1% | 39.3% | 21.1% |
| AAVE | 49.8% | 77.0% | 90.5% | 36.3% | 46.6% |
| LINK | 92.2% | 73.2% | 94.2% | 4.5% | 6.4% |
| DOGE | 100.0% | 90.2% | 63.1% | 22.6% | 20.6% |
| XPL | 89.9% | 92.6% | 70.6% | 44.6% | 24.9% |
| BNB | 59.1% | 53.5% | 60.1% | 12.2% | 58.0% |
shortlong · hover a cell for wallets and net value
Coverage
snapshot coverageAccount size: 2026-11-14 04:00 UTC
All-time PnL: 2026-11-14 04:00 UTC
3,803 tracked wallets held open positions in the account-size snapshot, worth $6.21B, about 81.1% of open interest on Hyperliquid (tracked long + short ÷ 2 × OI). 2,504 leaderboard wallets appear in the PnL snapshot (86.7% 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. Top winners made $1M or more and top losers lost $1M or more all-time. Past PnL is no guarantee of future 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. Top winners vs top losers compares the two $1M PnL tiers when each has at least 5 tracked wallets. Empty account-size tiers are omitted: tracking favours the largest positions, so small accounts are not sampled representatively.
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 top winners 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.