How BNB 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.
64.6% of the 443 tracked Hyperliquid BNB positions are long (long/short ratio 1.82). By value, longs hold 50.5% ($20.90M long vs $20.51M short). Positions of $1.00M or more are 61.3% long by value.
47,379 positions in 10,773 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 05:37 UTC
Accounts long443 tracked
64.6% long
Ratio 1.82286 long · 157 short
Value longby size
50.5% long
Ratio 1.02$20.90M$20.51M
Whales long$1.00M+ positions
61.3% long
4 long · 4 short
Coverage of BNB OItracked
42.9%
$41.41M tracked · $48.29M OI79.9% checked ≤ 15 min
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); 38.4% 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 BNB 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.
BNB Hyperliquid long/short ratio FAQ
How is the Hyperliquid BNB 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 BNB open interest does this cover?
The tracked BNB positions add up to 42.9% of BNB'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.