HL Book

Hyperliquid positioning, week of 2026-09-23

Read at 17:06 UTC from 95,099 open positions worth $10.23B across the top twelve markets, about 47% of the exchange's open interest. Every number comes from a position's own state, not a model.

Long share by market

notional-weighted; 50% is a coin flip
CoinOpen notionalLong sharePositionsMark
BTC$2.91B51%23,31783,849.5
ETH$2.81B50%11,9322,656.95
HYPE$1.84B51%12,93392.204
ZEC$721.69M50%8,2481,530.5
SOL$672.41M50%9,726113.975
NEAR$328.06M48%6,0634.294
XRP$261.39M51%5,3081.491
LIT$230.36M51%2,6265.291
PUMP$138.49M51%3,7680.004
DOGE$107.78M50%3,8540.092
UNI$103.66M51%3,9099.099
ENA$100.48M50%3,4150.208

What a 5% move liquidates

from each position's own liquidation price
Coin−5%: longspositions+5%: shortspositions
BTC$267.41M4,114$26.36M1,767
ETH$140.54M1,290$380.5K84
HYPE$33.48M876$9,9887
ZEC$9.53M359$363.0K141
SOL$6.93M1,137$1.14M74
XRP$4.47M647$80.0K21

The ten largest books

by gross notional
AddressNetGrossEquityPositions
0x5b5dc060short $757.24M$757.24M$150.02M16
0xb83d6e36short $537.59M$537.59M$134.88M18
0xecb62b00short $95.51M$177.94M$59.32M86
0x7fda17d1short $155.61M$166.10M$44.50M34
0x45d24029short $158.01M$158.01M$31.43M52
0x0392d7d9long $151.08M$151.08M$14.75M1
0x082eca88long $127.38M$127.38M$26.26M1
0x020c5872long $119.60M$119.60M$7.37M2
0xd1589dablong $119.49M$119.49M$3.20M1
0xdd532b13short $116.06M$116.06M$52.20M18

Largest liquidation clusters

BTC, ETH, SOL, HYPE; notional sharing one price bin
CoinSidePrice binNotionalPositions
ETHshort4,500$671.35M128
ETHlong2,500$504.82M2,283
ETHlong1,500$301.59M725
ETHlong2,000$255.91M1,241
BTCshort144,000$236.13M5
ETHshort3,000$225.29M1,248
ETHshort4,000$152.89M236
BTCshort162,000$148.00M6
HYPElong73.5$138.74M634
BTClong82,500$133.55M265

This page re-renders on every visit. For the method, see how we count; for the raw numbers, the API.