Volume Monitor
Live crypto data · 8 exchanges

BTC Long/Short Ratio (Hyperliquid)

How BTC traders on Hyperliquid are positioned: tracked accounts long vs short, position value long vs short, the split by position size and the largest positions, from real on-chain positions. Compare it with the Binance and Bybit ratios below.

62.4% of the 2,924 tracked Hyperliquid BTC positions are long (long/short ratio 1.66). By value, longs hold 50.9% ($1.43B long vs $1.38B short). Positions of $1.00M or more are 49.3% long by value.

40,254 positions in 8,401 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 22:01 UTC

Accounts long2,924 tracked
62.4% long
Ratio 1.661,826 long · 1,098 short
Value longby size
50.9% long
Ratio 1.03$1.43B$1.38B
Whales long$1.00M+ positions
49.3% long
181 long · 143 short
Coverage of BTC OItracked
44.4%
$2.81B tracked · $3.16B OI85.2% checked ≤ 15 min

BTC long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 62.4%1.66
Hyperliquid (tracked)position value 50.9%1.03
Binanceaccounts 53.9%1.17
Bybitaccounts 56.4%1.29
Binance top tradersposition value 65.2%1.87

By position size

tracked BTC positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K318155 67.2%$1.21M$541K 69.1%
$10K–$100K691381 64.5%$30.08M$17.63M 63.0%
$100K–$1M636419 60.3%$218.97M$148.65M 59.6%
$1M and up181143 55.9%$1.18B$1.21B 49.3%

Largest tracked BTC positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x5b5d…c060 Short $239.30M 75,949.4 -$24.48M 138,858.1 +64.13% 5× cross just now
0xb83d…6e36 Short $148.19M 74,443.4 -$17.80M 151,126.1 +78.63% 5× cross just now
0x5cee…a723 Long $98.95M 83,822.9 $912K 80,021.7 -5.42% 40× cross just now
0x6046…b21d Long $84.83M 81,832.7 $2.78M 77,175.3 -8.78% 12× cross just now
0x15a4…dfdb Long $84.60M 62,353.6 $22.25M 53,490.2 -36.78% 40× cross just now
0x8ea8…edbc Long $84.60M 72,771.2 $11.83M 50,031.5 -40.86% 3× cross just now
0xb695…a92d Short $67.17M 78,724.8 -$4.67M 119,401.7 +41.13% 20× cross just now
0xd158…9dab Long $51.57M 84,862 -$158K 83,398.5 -1.42% 35× cross just now
0x218a…7da2 Short $50.55M 77,038.2 -$4.52M 95,168.3 +12.49% 8× isolated just now
0xcfe2…8fb3 Long $42.30M 78,639.3 $2.98M 40,492.5 -52.14% 10× cross just now
0x7fda…17d1 Short $39.84M 84,486 -$55K 171,442.3 +102.64% 30× cross just now
0x45d2…4029 Short $36.80M 76,982.7 -$3.31M 157,078.9 +85.67% 20× cross just now
0x3ff5…f705 Short $34.15M 83,920.3 -$276K 99,751.2 +17.90% 13× cross 1 min ago
0x020c…5872 Long $30.46M 84,109.7 $178K 70,716.5 -16.41% 40× cross just now
0xb798…4fbf Short $29.34M 85,920.1 $457K 113,248.9 +33.86% 3× isolated just now
0xa2ce…3126 Long $25.42M 70,766.9 $4.16M 35,585.6 -57.94% 20× cross just now
0x519c…6a47 Short $25.38M 79,675 -$1.48M 157,876.3 +86.61% 20× cross just now
0xc3ed…00dd Short $25.38M 83,658.3 -$283K 85,678.1 +1.27% 40× isolated just now
0xe77c…15db Long $25.38M 84,373.2 $69K 76,829.3 -9.19% 40× cross 1 min ago
0xdf95…7d72 Short $22.56M 83,207.9 -$372K 180,484.6 +113.33% 40× cross just now

Tracker coverage and freshness

all Hyperliquid perps · 44.2% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$3.03B15 min29 min
C44,8885,087$313.49M4 h14 h

Tier A is the 300 wallets with the largest positions; B the next ones; C everyone else. Hyperliquid's API rate limit decides how often the smaller tiers can be checked, so their actual cycle can be longer than the target. Coverage is tracked value ÷ (2 × Hyperliquid open interest); 37.5% was checked in the last 15 minutes. Wallets not checked for 48 hours are left out of this page.

How to read it. The accounts figure counts each tracked account with an open BTC position once; the value figure weighs positions by size. Binance and Bybit publish their own ratios for all their users; the Hyperliquid figures here are computed from the public positions of the wallets this site tracks. Not financial advice.

BTC Hyperliquid long/short ratio FAQ

How is the Hyperliquid BTC long/short ratio calculated?

From the real open positions of the Hyperliquid wallets this site tracks. The accounts ratio counts every account with an open position once: the number of accounts long divided by the number short. The value ratio weighs positions by size at the mark price, so a few large traders can outweigh many small ones.

How is it different from the Binance or Bybit long/short ratio?

Binance and Bybit publish their own ratios; you have to trust their numbers. Hyperliquid is an on-chain exchange, so its positions are public and this ratio is computed directly from them. It covers the wallets this site tracks, not every account, so it is a large sample rather than the full market.

How much of BTC open interest does this cover?

The tracked BTC positions add up to 44.4% of BTC's open interest on Hyperliquid (tracked long plus short value divided by twice the open interest, since every long has a matching short).

How often does it update?

The positions are reloaded every 2 minutes. The 300 largest wallets are re-checked every minute, smaller ones every few hours, and wallets not checked for 48 hours are left out.

Is a high long/short ratio bullish?

Not on its own. Crowded positioning can unwind sharply: a market where most accounts are long can fall fast if those longs are forced to sell. Compare the accounts ratio with the value ratio to see whether the crowd and the large traders agree. This is market data, not financial advice.