Swolecharts
Live crypto data · 10 exchanges

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, smart money vs retail and how it changed hour by hour, from real on-chain positions of tracked wallets.

594 tracked wallets held a TAO position in the account-size snapshot: $34.93M long and $36.63M short (48.8% long by value). Smart money vs retail: the 59 tracked wallets that made $1M or more on Hyperliquid are 52.3% long TAO by value (net +$890K), while the 136 accounts under $10K are 98.8% long (net +$551K). Both lean long. Both are samples: only wallets this site tracks and polled in the 6 hours before the snapshot, about 85.3% of TAO open interest on Hyperliquid, and the PnL tiers only include wallets on Hyperliquid's leaderboard.

594 tracked wallets with positionsHyperliquid native perpsHourly snapshotAs of 11:00 UTC

TAO: smart money vs retail

made $1M+ all-time vs accounts under $10K

Smart money vs retail: the 59 tracked wallets that made $1M or more on Hyperliquid are 52.3% long TAO by value (net +$890K), while the 136 accounts under $10K are 98.8% long (net +$551K). Both lean long. Both are samples: only wallets this site tracks and polled in the 6 hours before the snapshot, about 85.3% of TAO open interest on Hyperliquid, and the PnL tiers only include wallets on Hyperliquid's leaderboard.

By account size: TAO

tier by account value

Snapshot 2026-09-29 11:00 UTC

Account sizeWalletsLongShortNetLong %
Under $10K136$558K$6,681$551K 98.8%
$10K–$100K217$4.64M$924K$3.72M 83.4%
$100K–$1M182$18.00M$7.57M$10.43M 70.4%
$1M–$10M49$5.87M$9.36M-$3.49M 38.5%
$10M and up10$5.87M$18.78M-$12.91M 23.8%
All wallets594$34.93M$36.63M-$1.70M 48.8%

By all-time PnL: TAO

tier by all-time PnL (leaderboard wallets only)

Snapshot 2026-09-29 11:00 UTC

All-time PnLWalletsLongShortNetLong %
Lost $1M or more16$3.42M$16.17M-$12.75M 17.5%
Lost $100K–$1M46$2.46M$1.64M$818K 60.0%
Within ±$100K272$7.24M$1.34M$5.90M 84.4%
Made $100K–$1M114$9.82M$1.64M$8.18M 85.7%
Made $1M or more59$10.03M$9.14M$890K 52.3%
All leaderboard wallets507$32.96M$29.92M$3.04M 52.4%

TAO net long by account size tier

net long USD per tier, hourly

Chart: TradingView Lightweight Charts™

TAO net long by all-time PnL tier

net long USD per tier, hourly

Chart: TradingView Lightweight Charts™

Coverage

snapshot coverage

Account size: 2026-09-29 11:00 UTC

All-time PnL: 2026-09-29 11:00 UTC

594 tracked wallets held TAO positions in the account-size snapshot, worth $71.56M, about 85.3% of TAO open interest on Hyperliquid (tracked long + short ÷ 2 × OI). 507 leaderboard wallets appear in the PnL snapshot (87.9% 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.

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.