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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.

65.3% of the 427 tracked Hyperliquid LINK positions are long (long/short ratio 1.89). By value, longs hold 50.8% ($46.07M long vs $44.62M short). Positions of $1.00M or more are 50.9% long by value.

37,719 positions in 7,644 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 21:23 UTC

Accounts long427 tracked
65.3% long
Ratio 1.89279 long · 148 short
Value longby size
50.8% long
Ratio 1.03$46.07M$44.62M
Whales long$1.00M+ positions
50.9% long
10 long · 10 short
Coverage of LINK OItracked
43.7%
$90.69M tracked · $103.69M OI89.2% checked ≤ 15 min

LINK long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 65.3%1.89
Hyperliquid (tracked)position value 50.8%1.03
Binanceaccounts 65.3%1.88
Bybitaccounts 66.9%2.02
Binance top tradersposition value 63.1%1.71

By position size

tracked LINK positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K15166 69.6%$442K$164K 72.9%
$10K–$100K8642 67.2%$2.61M$1.88M 58.2%
$100K–$1M3230 51.6%$9.91M$10.65M 48.2%
$1M and up1010 50.0%$33.11M$31.93M 50.9%

Largest tracked LINK positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x5b5d…c060 Short $7.28M 13.608 -$227K 290.73 +1969.84% 3× cross 1 min ago
0xb83d…6e36 Short $6.98M 12.931 -$554K 233.50 +1562.38% 3× cross 1 min ago
0xc63a…a3cd Long $6.27M 11.522 $1.13M — — 10× cross 1 min ago
0xdd7a…8830 Long $6.21M 9.563 $1.98M — — 10× cross 1 min ago
0x73ce…8ce9 Long $4.92M 11.734 $809K 7.872 -43.96% 5× cross just now
0xdd53…2b13 Short $4.64M 11.878 -$716K 114.41 +714.54% 3× cross 1 min ago
0x90db…151b Long $4.21M 13.099 $284K — — 10× cross 1 min ago
0x458d…ab3b Long $3.19M 13.129 $208K 9.248 -34.16% 3× isolated just now
0x3dc9…54b0 Short $2.81M 7.556 -$1.30M 60.337 +329.57% 10× cross 1 min ago
0xeadc…9d55 Long $2.77M 9.428 $910K — — 10× cross 1 min ago
0x45d2…4029 Short $2.75M 11.542 -$490K 166.32 +1084.10% 10× cross 1 min ago
0x123d…3bff Short $1.89M 11.381 -$358K 41.174 +193.14% 10× cross just now
0x85e1…3de4 Long $1.58M 14.367 -$36K 5.876 -58.17% 10× cross just now
0x023a…2355 Short $1.45M 13.485 -$58K 145.77 +937.82% 10× cross 1 min ago
0xbfc7…80b4 Short $1.40M 11.798 -$225K 28.582 +103.49% 10× cross just now
0x8af7…fa05 Short $1.39M 14.080 $3,387 196.98 +1302.42% 10× cross 1 min ago
0x6540…f7b7 Long $1.35M 12.119 $185K 9.164 -34.76% 5× isolated just now
0xecb6…2b00 Short $1.35M 13.474 -$55K 452.26 +3119.83% 10× cross 1 min ago
0xfe7e…11b4 Long $1.33M 12.160 $179K 5.010 -64.33% 5× isolated 4 min ago
0xb7ec…5166 Long $1.29M 8.918 $470K 6.966 -50.41% 4× cross 21 min ago

Tracker coverage and freshness

all Hyperliquid perps · 44.1% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.39B60 s60 s
B3,0003,000$3.03B15 min29 min
C44,7924,343$283.12M4 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); 38.0% 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 43.7% 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.