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TAO Long/Short Ratio (Hyperliquid)

How TAO 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.

62.1% of the 346 tracked Hyperliquid TAO positions are long (long/short ratio 1.64). By value, longs hold 49.6% ($40.98M long vs $41.58M short). Positions of $1.00M or more are 38.0% long by value.

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

Accounts long346 tracked
62.1% long
Ratio 1.64215 long · 131 short
Value longby size
49.6% long
Ratio 0.99$40.98M$41.58M
Whales long$1.00M+ positions
38.0% long
7 long · 9 short
Coverage of TAO OItracked
38.7%
$82.57M tracked · $106.81M OI77.0% checked ≤ 15 min

TAO long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 62.1%1.64
Hyperliquid (tracked)position value 49.6%0.99
Binanceaccounts 68.3%2.15
Bybitaccounts 79.2%3.82
Binance top tradersposition value 73.2%2.74

By position size

tracked TAO positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K4944 52.7%$165K$115K 58.8%
$10K–$100K9641 70.1%$3.96M$1.46M 73.1%
$100K–$1M6337 63.0%$21.15M$14.36M 59.6%
$1M and up79 43.8%$15.70M$25.65M 38.0%

Largest tracked TAO positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xfe7c…b7ae Short $11.65M 271.04 -$1.94M 639.99 +96.70% 5× cross just now
0x152e…c9dc Long $3.44M 296.43 $306K — — 5× cross just now
0x936c…bb0f Short $3.32M 321.77 -$37K 2,817.2 +765.87% 3× cross just now
0xd260…8321 Short $3.27M 309.46 -$160K 399.88 +22.90% 5× isolated just now
0x0871…e927 Long $3.25M 327.95 -$26K — — 5× cross just now
0xeadc…9d55 Long $2.65M 247.63 $632K — — 5× cross just now
0x3a7f…62df Long $2.30M 251.96 $518K 229.66 -29.41% 5× cross 16 min ago
0x9aa5…58af Short $1.85M 297.36 -$159K 1,598.9 +391.43% 5× cross just now
0x1367…560e Long $1.45M 289.98 $158K — — 5× cross just now
0x5371…3c11 Long $1.32M 249.51 $307K — — 5× cross just now
0x266b…efcb Long $1.30M 207.63 $471K — — 5× cross just now
0xecb6…2b00 Short $1.25M 312.77 -$48K 11,304.3 +3374.39% 5× cross just now
0x023a…2355 Short $1.14M 310.63 -$52K 4,127.8 +1168.68% 5× cross just now
0x27c9…d65d Short $1.12M 317.00 -$29K 537.77 +65.28% 5× cross just now
0xcac1…26b3 Short $1.05M 248.29 -$248K 2,132.4 +555.40% 5× cross just now
0x2edd…8179 Short $1.00M 270.66 -$168K 2,408.1 +640.14% 5× cross just now
0x251f…6e5d Long $976K 298.17 $82K — — 5× cross just now
0x0eba…4eea Long $976K 306.02 $58K 169.75 -47.83% 5× cross just now
0x92bb…9b6f Short $953K 316.66 -$25K 1,610.1 +394.86% 5× cross just now
0x419b…dbee Long $892K 322.95 $6,606 239.11 -26.51% 3× cross 10 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 TAO 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.

TAO Hyperliquid long/short ratio FAQ

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

The tracked TAO positions add up to 38.7% of TAO'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.