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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.

61.0% of the 249 tracked Hyperliquid VIRTUAL positions are long (long/short ratio 1.57). By value, longs hold 51.6% ($5.33M long vs $4.99M short). Positions of $1.00M or more are 58.1% long by value.

47,379 positions in 10,773 tracked walletsHyperliquid native perpsRefreshed every 2 minAs of 05:37 UTC

Accounts long249 tracked
61.0% long
Ratio 1.57152 long · 97 short
Value longby size
51.6% long
Ratio 1.07$5.33M$4.99M
Whales long$1.00M+ positions
58.1% long
1 long · 1 short
Coverage of VIRTUAL OItracked
43.6%
$10.32M tracked · $11.83M OI56.2% checked ≤ 15 min

VIRTUAL long/short: Hyperliquid vs Binance and Bybit

share long
SourceCountsShare longRatio
Hyperliquid (tracked)accounts 61.0%1.57
Hyperliquid (tracked)position value 51.6%1.07
Binanceaccounts 63.1%1.71
Bybitaccounts 75.0%2.99
Binance top tradersposition value 72.5%2.64

By position size

tracked VIRTUAL positions at the mark price
Position sizeLongShortAccounts longLong valueShort valueValue long
Under $10K10251 66.7%$211K$88K 70.6%
$10K–$100K4032 55.6%$1.39M$1.11M 55.4%
$100K–$1M913 40.9%$2.08M$2.60M 44.5%
$1M and up11 50.0%$1.65M$1.19M 58.1%

Largest tracked VIRTUAL positions

top 20 by size · all coins
WalletSideSizeEntryUnrealised PnLLiq. priceDistanceLeverageChecked
0x0afb…8930 Long $1.65M 2.071 -$2.66M — — 1× cross 22 min ago
0xecb6…2b00 Short $1.19M 0.7518 -$62K 30.901 +3795.49% 5× cross just now
0x023a…2355 Short $712K 0.7149 -$70K 16.275 +1951.71% 5× cross just now
0x75da…cdaa Long $418K 0.7249 $36K — — 5× cross 29 min ago
0x5553…3001 Long $397K 0.8036 -$5,180 0.6557 -17.34% 5× cross 30 min ago
0x7717…bd7e Short $396K 0.7642 -$14K 12.900 +1526.21% 5× cross just now
0x266b…efcb Long $270K 0.5908 $69K — — 5× cross just now
0x84cd…f17b Long $198K 0.7073 $21K 0.6301 -20.57% 5× isolated 21 min ago
0x5740…a9da Long $198K 0.6970 $24K — — 5× cross 13 min ago
0xa5fd…15ff Long $180K 0.6808 $26K — — 5× cross just now
0x45e8…ba91 Long $159K 0.7559 $7,478 0.6731 -15.15% 5× isolated 9 h ago
0x5647…e7de Short $158K 0.7097 -$17K 14.623 +1743.46% 5× cross just now
0x77b8…4edb Short $152K 0.5751 -$42K 1.287 +62.26% 5× cross 12 min ago
0x8b9d…7b28 Short $144K 0.7238 -$13K 13.113 +1553.09% 5× cross just now
0x972b…400f Short $143K 0.5651 -$41K 1.268 +59.79% 2× cross 17 min ago
0x0c1f…1d39 Short $141K 0.6383 -$27K 13.966 +1660.63% 5× cross just now
0xdf52…59fc Short $136K 0.6441 -$26K 2.781 +250.53% 5× cross 12 min ago
0x8607…08d5 Long $133K 1.331 -$90K — — 5× cross 1 min ago
0xc6aa…0e75 Short $133K 0.6719 -$20K 16.470 +1976.22% 5× cross just now
0x258a…ff03 Short $131K 0.8200 $4,406 20.875 +2531.56% 5× cross 1 min ago

Tracker coverage and freshness

all Hyperliquid perps · 45.3% of OI
TierWalletsWith positionsTracked valueTarget cycleActual cycle
A300300$8.20B60 s60 s
B3,0003,000$2.95B15 min29 min
C46,5067,466$368.04M4 h15 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); 38.4% 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 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 43.6% 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.