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LINK Long/Short Ratio (Hyperliquid)

How LINK 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.

59.8% of the 246 tracked Hyperliquid LINK positions are long (long/short ratio 1.48). By value, longs hold 50.4% ($44.05M long vs $43.34M short). Positions of $1.00M or more are 51.0% long by value.

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

Accounts long246 tracked
59.8% long
Ratio 1.48147 long · 99 short
Value longby size
50.4% long
Ratio 1.02$44.05M$43.34M
Whales long$1.00M+ positions
51.0% long
10 long · 10 short
Coverage of LINK OItracked
41.7%
$87.39M tracked · $104.80M OI89.5% checked ≤ 15 min

LINK long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 59.8%1.48
Hyperliquid (tracked)position value 50.4%1.02
Binanceaccounts 65.8%1.93
Bybitaccounts 67.0%2.03
Binance top tradersposition value 62.9%1.70

By position size

tracked LINK positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K5835 62.4%$201K$93K 68.3%
$10K–$100K5430 64.3%$1.60M$1.41M 53.2%
$100K–$1M2524 51.0%$8.86M$9.78M 47.5%
$1M and up1010 50.0%$33.38M$32.06M 51.0%

Largest tracked LINK positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x5b5d…c060 Short $7.31M 13.608 -$257K 296.18 +1999.95% 3× cross just now
0xb83d…6e36 Short $7.01M 12.931 -$583K 236.95 +1580.03% 3× cross just now
0xc63a…a3cd Long $6.29M 11.522 $1.15M — — 10× cross just now
0xdd7a…8830 Long $6.23M 9.563 $2.01M — — 10× cross just now
0x73ce…8ce9 Long $4.94M 11.734 $830K 7.869 -44.21% 5× cross 13 min ago
0xdd53…2b13 Short $4.66M 11.878 -$736K 119.07 +744.22% 3× cross just now
0x90db…151b Long $4.23M 13.099 $301K — — 10× cross just now
0x458d…ab3b Long $3.20M 13.129 $222K 9.248 -34.43% 3× isolated just now
0x3dc9…54b0 Short $2.82M 7.556 -$1.31M 61.323 +334.79% 10× cross just now
0xeadc…9d55 Long $2.78M 9.428 $922K — — 10× cross just now
0x45d2…4029 Short $2.76M 11.542 -$501K 169.43 +1101.31% 10× cross just now
0x123d…3bff Short $1.90M 11.381 -$366K 43.468 +208.19% 10× cross just now
0x85e1…3de4 Long $1.77M 14.367 -$33K 6.919 -50.94% 10× cross just now
0x023a…2355 Short $1.46M 13.484 -$64K 148.55 +953.27% 10× cross just now
0xbfc7…80b4 Short $1.41M 11.798 -$231K 31.425 +122.81% 10× cross just now
0x8af7…fa05 Short $1.39M 14.080 -$2,335 197.69 +1301.67% 10× cross just now
0xecb6…2b00 Short $1.35M 13.473 -$60K 461.69 +3173.48% 10× cross just now
0xfe7e…11b4 Long $1.34M 12.160 $184K 5.010 -64.48% 5× isolated 17 min ago
0x6540…f7b7 Long $1.31M 12.054 $191K 9.096 -35.51% 5× isolated just now
0xb7ec…5166 Long $1.29M 8.918 $475K 6.965 -50.61% 4× cross 6 min ago

Tracker coverage and freshness

all Hyperliquid perps · 42.0% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$2.71B15 min36 min
C44,389612$9.68M4 h18 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); 36.4% 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 LINK 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.

LINK Hyperliquid long/short ratio FAQ

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

The tracked LINK positions add up to 41.7% of LINK'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.