TAO Positioning by Cohort (Hyperliquid)
How TAO traders on Hyperliquid are positioned by account size and by all-time PnL: long and short position value per group, the net bias, top winners vs top losers and how it changed hour by hour, from real on-chain positions of tracked wallets.
260 tracked wallets held a TAO position in the account-size snapshot: $7.83M long and $10.77M short (42.1% long by value). Top winners vs top losers: the 42 tracked wallets that made $1M or more on Hyperliquid are 23.5% long TAO by value (net -$3.63M), while the 5 tracked wallets that lost $1M or more are 78.7% long (net +$734K). 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 83.3% of TAO open interest on Hyperliquid), and the PnL tiers only include wallets on Hyperliquid's leaderboard.
TAO: top winners vs top losers
made $1M+ vs lost $1M+ all-timeTop winners vs top losers: the 42 tracked wallets that made $1M or more on Hyperliquid are 23.5% long TAO by value (net -$3.63M), while the 5 tracked wallets that lost $1M or more are 78.7% long (net +$734K). 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 83.3% of TAO open interest on Hyperliquid), and the PnL tiers only include wallets on Hyperliquid's leaderboard.
By account size: TAO
tier by account valueSnapshot 2026-11-14 16:00 UTC
| Account size | Wallets | Long | Short | Net | Long % |
|---|---|---|---|---|---|
| Under $10K | 6 | $24K | $19 | $24K | 99.9% |
| $10K–$100K | 97 | $1.93M | $338K | $1.59M | 85.1% |
| $100K–$1M | 116 | $3.73M | $4.69M | -$965K | 44.3% |
| $1M–$10M | 34 | $2.14M | $4.18M | -$2.03M | 33.9% |
| $10M and up | 7 | $2,168 | $1.56M | -$1.56M | 0.1% |
| All wallets | 260 | $7.83M | $10.77M | -$2.94M | 42.1% |
By all-time PnL: TAO
tier by all-time PnL (leaderboard wallets only)Snapshot 2026-11-14 16:00 UTC
| All-time PnL | Wallets | Long | Short | Net | Long % |
|---|---|---|---|---|---|
| Lost $1M or more | 5 | $1.01M | $273K | $734K | 78.7% |
| Lost $100K–$1M | 25 | $1.87M | $33K | $1.84M | 98.3% |
| Within ±$100K | 65 | $1.24M | $1.27M | -$32K | 49.4% |
| Made $100K–$1M | 46 | $950K | $847K | $103K | 52.9% |
| Made $1M or more | 42 | $1.61M | $5.24M | -$3.63M | 23.5% |
| All leaderboard wallets | 183 | $6.67M | $7.66M | -$983K | 46.6% |
TAO net long by account size tier
net long USD per tier, hourlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
TAO net long by all-time PnL tier
net long USD per tier, hourlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Coverage
snapshot coverageAccount size: 2026-11-14 16:00 UTC
All-time PnL: 2026-11-14 16:00 UTC
260 tracked wallets held TAO positions in the account-size snapshot, worth $18.60M, about 83.3% of TAO open interest on Hyperliquid (tracked long + short ÷ 2 × OI). 183 leaderboard wallets appear in the PnL snapshot (77.0% 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. Net long is the tier's long position value minus its short value at the mark price; above zero the tier is net long TAO. All ranges preserve hourly snapshots. See the TAO long/short ratio for the split by position size and the largest positions. Vaults and protocol accounts (HLP and other accounts worth over $1B) are excluded from every tier. Not financial advice.
TAO Hyperliquid cohort positioning FAQ
What does Hyperliquid TAO 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.