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ENA Long/Short Ratio (Hyperliquid)

How ENA 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.

66.9% of the 420 tracked Hyperliquid ENA positions are long (long/short ratio 2.02). By value, longs hold 50.0% ($72.43M long vs $72.41M short). Positions of $1.00M or more are 39.6% long by value.

22,654 positions in 3,909 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 18:08 UTC

Accounts long420 tracked
66.9% long
Ratio 2.02281 long · 139 short
Value longby size
50.0% long
Ratio 1.00$72.43M$72.41M
Whales long$1.00M+ positions
39.6% long
18 long · 16 short
Coverage of ENA OItracked
41.3%
$144.84M tracked · $175.40M OI84.6% checked ≤ 15 min

ENA long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 66.9%2.02
Hyperliquid (tracked)position value 50.0%1.00
Binanceaccounts 63.8%1.77
Bybitaccounts 66.4%1.97
Binance top tradersposition value 58.1%1.39

By position size

tracked ENA positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K6244 58.5%$213K$120K 64.0%
$10K–$100K11041 72.8%$4.04M$1.65M 71.0%
$100K–$1M9138 70.5%$30.02M$12.52M 70.6%
$1M and up1816 52.9%$38.16M$58.13M 39.6%

Largest tracked ENA positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x5b5d…c060 Short $13.07M 0.2382 -$1.96M 3.409 +1116.04% 10× cross just now
0x936c…bb0f Short $7.59M 0.2440 -$984K 1.240 +342.16% 3× cross just now
0xfe7c…b7ae Short $7.45M 0.1964 -$2.23M 0.7240 +158.26% 10× cross just now
0x2ae2…78ae Long $6.23M 0.2638 $369K 0.003024 -98.92% 3× cross just now
0xb83d…6e36 Short $5.06M 0.2384 -$756K 6.422 +2190.66% 2× cross just now
0xb48e…b1ed Long $4.21M 0.2134 $1.00M 0.2017 -28.06% 10× cross just now
0x123d…3bff Short $3.49M 0.1395 -$1.75M 0.5974 +113.10% 10× cross just now
0x5aa1…4b2b Long $3.44M 0.2422 $467K 0.1529 -45.47% 10× cross just now
0xecb6…2b00 Short $3.23M 0.2347 -$526K 3.992 +1323.98% 5× cross just now
0x8ab1…15ef Long $2.80M 0.1786 $1.02M — — 10× cross just now
0xedea…d773 Long $2.70M 0.2744 $57K 0.1549 -44.74% 10× cross just now
0xe097…d0fe Short $2.39M 0.2320 -$412K 0.9798 +249.52% 10× cross just now
0xfc27…9d9d Short $2.28M 0.2483 -$260K 1.195 +326.39% 10× cross just now
0x016b…84a9 Short $2.23M 0.08809 -$1.53M 0.3837 +36.86% 10× cross 10 min ago
0x08c1…1135 Short $2.16M 0.2675 -$99K 1.004 +258.13% 10× cross just now
0x2457…c871 Long $2.06M 0.2113 $508K 0.1133 -59.58% 10× cross just now
0xba5d…a352 Short $1.88M 0.1314 -$1.00M 0.8773 +212.95% 10× cross just now
0x5371…3c11 Long $1.84M 0.1520 $844K — — 10× cross just now
0x440f…4bb0 Long $1.82M 0.2758 $29K 0.1306 -53.42% 10× cross 6 min ago
0x45d2…4029 Short $1.80M 0.5518 $1.74M 5.021 +1690.94% 10× cross just now

Tracker coverage and freshness

all Hyperliquid perps · 41.9% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$2.71B15 min44 min
C44,389604$9.43M4 h22 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); 36.5% 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 ENA 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.

ENA Hyperliquid long/short ratio FAQ

How is the Hyperliquid ENA 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 ENA open interest does this cover?

The tracked ENA positions add up to 41.3% of ENA'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.