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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.

69.1% of the 528 tracked Hyperliquid TAO positions are long (long/short ratio 2.24). By value, longs hold 51.9% ($45.63M long vs $42.30M short). Positions of $1.00M or more are 38.2% long by value.

33,864 positions in 6,594 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 20:40 UTC

Accounts long528 tracked
69.1% long
Ratio 2.24365 long · 163 short
Value longby size
51.9% long
Ratio 1.08$45.63M$42.30M
Whales long$1.00M+ positions
38.2% long
7 long · 8 short
Coverage of TAO OItracked
41.3%
$87.93M tracked · $106.45M OI77.0% checked ≤ 15 min

TAO long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 69.1%2.24
Hyperliquid (tracked)position value 51.9%1.08
Binanceaccounts 67.2%2.05
Bybitaccounts 79.2%3.81
Binance top tradersposition value 74.0%2.85

By position size

tracked TAO positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K12469 64.2%$401K$174K 69.7%
$10K–$100K15547 76.7%$5.66M$1.61M 77.8%
$100K–$1M7939 66.9%$24.12M$15.54M 60.8%
$1M and up78 46.7%$15.44M$24.97M 38.2%

Largest tracked TAO positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0xfe7c…b7ae Short $11.69M 271.08 -$1.98M 666.20 +104.22% 5× cross 1 min ago
0x936c…bb0f Short $3.60M 322.29 -$43K 2,523.3 +673.51% 3× cross 1 min ago
0x152e…c9dc Long $3.45M 296.43 $315K — — 5× cross 1 min ago
0xd260…8321 Short $3.30M 309.57 -$168K 399.66 +22.51% 5× isolated 1 min ago
0x0871…e927 Long $3.26M 327.95 -$17K — — 5× cross 9 min ago
0xeadc…9d55 Long $2.65M 247.63 $639K — — 5× cross 1 min ago
0x3a7f…62df Long $2.30M 251.96 $524K 229.72 -29.58% 5× cross 17 min ago
0x9aa5…58af Short $1.86M 297.36 -$164K 1,546.1 +373.93% 5× cross just now
0x5371…3c11 Long $1.32M 249.51 $310K — — 5× cross 1 min ago
0x266b…efcb Long $1.30M 207.63 $474K — — 5× cross 1 min ago
0xecb6…2b00 Short $1.30M 313.70 -$50K 10,670 +3170.81% 5× cross 1 min ago
0x023a…2355 Short $1.17M 311.64 -$52K 4,006.9 +1128.28% 5× cross 1 min ago
0x1367…560e Long $1.15M 289.98 $128K — — 5× cross 6 min ago
0xcac1…26b3 Short $1.05M 248.29 -$251K 2,085.6 +539.32% 5× cross 1 min ago
0x27c9…d65d Short $1.01M 317.08 -$28K 586.24 +79.71% 5× cross 1 min ago
0x92bb…9b6f Short $992K 317.05 -$28K 1,545.3 +373.71% 5× cross just now
0x2edd…8179 Short $988K 270.66 -$168K 2,411.1 +639.12% 5× cross 1 min ago
0x251f…6e5d Long $979K 298.17 $84K — — 5× cross 1 min ago
0x0eba…4eea Long $979K 306.02 $61K 131.25 -59.77% 5× cross just now
0x419b…dbee Long $895K 322.95 $8,964 239.17 -26.69% 3× cross 11 min ago

Tracker coverage and freshness

all Hyperliquid perps · 43.9% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.40B60 s60 s
B3,0003,000$3.04B15 min29 min
C44,7273,288$215.43M4 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); 37.6% 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 41.3% 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.