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VIRTUAL Long/Short Ratio (Hyperliquid)

How VIRTUAL 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.

62.0% of the 229 tracked Hyperliquid VIRTUAL positions are long (long/short ratio 1.63). By value, longs hold 52.9% ($5.80M long vs $5.16M short). Positions of $1.00M or more are 54.6% long by value.

44,274 positions in 10,006 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 00:26 UTC

Accounts long229 tracked
62.0% long
Ratio 1.63142 long · 87 short
Value longby size
52.9% long
Ratio 1.12$5.80M$5.16M
Whales long$1.00M+ positions
54.6% long
1 long · 1 short
Coverage of VIRTUAL OItracked
40.4%
$10.95M tracked · $13.57M OI76.1% checked ≤ 15 min

VIRTUAL long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 62.0%1.63
Hyperliquid (tracked)position value 52.9%1.12
Binanceaccounts 63.9%1.77
Bybitaccounts 74.0%2.84
Binance top tradersposition value 72.7%2.66

By position size

tracked VIRTUAL positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K9244 67.6%$184K$78K 70.1%
$10K–$100K3833 53.5%$1.34M$1.29M 50.9%
$100K–$1M119 55.0%$2.50M$2.31M 51.9%
$1M and up11 50.0%$1.78M$1.48M 54.6%

Largest tracked VIRTUAL positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x0afb…8930 Long $1.78M 2.071 -$2.53M — — 1× cross just now
0xecb6…2b00 Short $1.48M 0.7475 -$184K 25.423 +2876.68% 5× cross just now
0x023a…2355 Short $773K 0.7149 -$126K 14.879 +1642.11% 5× cross just now
0x7717…bd7e Short $531K 0.7614 -$58K 8.476 +892.42% 5× cross just now
0x75da…cdaa Long $450K 0.7249 $68K — — 5× cross 7 min ago
0x5553…3001 Long $427K 0.8036 $25K 0.6557 -23.22% 5× cross 9 min ago
0x266b…efcb Long $290K 0.5908 $90K — — 5× cross just now
0x84cd…f17b Long $256K 0.6813 $52K 0.6072 -28.90% 5× isolated just now
0x5740…a9da Long $214K 0.6970 $39K — — 5× cross 23 min ago
0xa5fd…15ff Long $194K 0.6808 $39K — — 5× cross 10 min ago
0x45e8…ba91 Long $171K 0.7559 $20K 0.6731 -21.19% 5× isolated 4 h ago
0x5647…e7de Short $170K 0.7097 -$29K 11.705 +1270.46% 5× cross just now
0x77b8…4edb Short $163K 0.5751 -$53K 1.217 +42.44% 5× cross 22 min ago
0x972b…400f Short $154K 0.5651 -$52K 1.225 +43.43% 2× cross 27 min ago
0xdf52…59fc Short $147K 0.6441 -$36K 2.282 +167.23% 5× cross 22 min ago
0x8607…08d5 Long $144K 1.331 -$80K — — 5× cross just now
0xdf95…7d72 Short $137K 0.5843 -$43K 149.15 +17362.85% 5× cross just now
0x9813…8663 Long $134K 0.7594 $15K 0.5366 -37.17% 5× isolated 25 min ago
0xa20f…46fa Short $129K 0.6927 -$24K 7.155 +737.79% 5× cross just now
0x27c3…aeed Long $111K 0.7682 $11K — — 5× cross 8 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.2% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.33B60 s61 s
B3,0003,000$2.99B15 min28 min
C45,3476,706$341.57M4 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); 37.3% 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 VIRTUAL 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.

VIRTUAL Hyperliquid long/short ratio FAQ

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

The tracked VIRTUAL positions add up to 40.4% of VIRTUAL'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.