How to track Hyperliquid whales and what they’re holding

How do you track Hyperliquid whales? Look them up directly. Hyperliquid runs its order book onchain, so every account’s open positions are public: the market, the side, the size, the entry price, the leverage and the liquidation price. You can find the largest traders on the leaderboard or a tracker, look up any address for free through Hyperliquid’s API, and set alerts for the wallets you care about. The hard part is reading what you see: a big short can be a hedge, a market maker’s inventory or one of several wallets run by the same trader.

Where to find Hyperliquid whales

On Senpi, every asset page shows how the top traders Senpi tracks are positioned in that market: long and short notional, how many of those wallets are on each side, how that changed over 1, 4 and 24 hours, and the five largest positions with entry, leverage and distance to liquidation. The same data is free as JSON; see free Hyperliquid market data.

Look up any wallet’s positions

Hyperliquid’s public info API returns an account’s open positions with the request type clearinghouseState. No key or sign-up is needed. This script prints a wallet’s account value and its ten largest positions, with the distance from the mark price to the liquidation price. Run it with an address: python3 positions.py 0x…

import json, sys, urllib.request

def info(body):
    req = urllib.request.Request("https://api.hyperliquid.xyz/info", data=json.dumps(body).encode(),
                                 headers={"Content-Type": "application/json"})
    return json.load(urllib.request.urlopen(req, timeout=10))

wallet = sys.argv[1]                                   # any Hyperliquid address (0x...)
state = info({"type": "clearinghouseState", "user": wallet})
meta, ctxs = info({"type": "metaAndAssetCtxs"})
mark = {a["name"]: float(c["markPx"]) for a, c in zip(meta["universe"], ctxs)}

print(f'account value ${float(state["marginSummary"]["accountValue"]):,.0f}')
positions = sorted(state["assetPositions"], key=lambda p: -float(p["position"]["positionValue"]))
for p in positions[:10]:                               # the ten largest positions
    pos = p["position"]; coin = pos["coin"]; lev = pos["leverage"]
    side = "long" if float(pos["szi"]) > 0 else "short"
    liq = float(pos["liquidationPx"]) if pos["liquidationPx"] else None
    gap = f'{abs(mark[coin] - liq) / mark[coin]:.0%} from mark' if liq and coin in mark else "none"
    print(f'{coin:<6} {side:<5} ${float(pos["positionValue"]):>13,.0f}  entry {float(pos["entryPx"]):<10.6g} '
          f'{lev["value"]}x {lev["type"]:<8} liquidation {f"{liq:.6g}" if liq else "-":<10} ({gap})')

Positions in builder-deployed markets, such as the XYZ stock, commodity and index perps, sit in a separate clearinghouse: add "dex": "xyz" to the request to see them. We ran the script on Nov 13, 2026 against one of the largest accounts on the leaderboard; it returned 30 open positions.

How to read a whale’s position

Set alerts for the wallets you follow

Checking by hand stops working past a few wallets. Senpi’s wallet alerts watch any Hyperliquid address you add, watch-only, and send a push notification and an inbox message when a position nears liquidation, is liquidated or is closed, when a triggered stop doesn’t fill, when a position has no protection, or when the wallet trades; each alert type has its own toggle per wallet. Nansen’s Smart Alerts and Arkham’s alerts can also watch addresses by Telegram, Slack or webhook, though Arkham’s follow transfers rather than position changes, and Hyperdash collects the wallets you follow in a Tracked feed.

Traps when reading whale positions

• Market makers. Large books on both sides, positions that flip often and tiny margins usually belong to market makers or vaults quoting the market, not to directional bets.
• Hedges you can’t see. A short on Hyperliquid may hedge spot coins held elsewhere or a long on another exchange. The Hyperliquid side alone looks like a bearish bet.
• Several wallets, one trader. Big traders split activity across addresses and sub-accounts (Hyperliquid allows up to 10 per account once it has traded $100K), so one wallet shows part of the picture. Look up each address itself: an API wallet’s address shows no positions.
• Vaults. A vault’s positions reflect its depositors’ pooled money and its manager’s rules, not a single person’s view.
• Stale wins. A wallet that made millions in one trade can be a poor guide now. Look at months of fills, not the leaderboard rank.
• Being late. By the time a big position is public and shared on X, the price has often moved. Check the entry against today’s price before acting.

From watching to trading

Watching a whale is research; copying one is a strategy, and it needs the same rules as any other: a size you can afford, a stop and a limit on losses. On Senpi you can paste any Hyperliquid address into Quant Desk for a read of the trader’s record, then mirror traders you choose, after the agent researches their record, from a separate strategy wallet; the mirror settings control the size multiplier, slippage and what happens when the trader pauses. Copy strategies carry at most a flat stop, so set one.

Frequently asked questions

Sources: Hyperliquid API documentation (info endpoint, clearinghouseState); the script above, run on Nov 13, 2026; the Hyperliquid leaderboard; Hyperdash, HyperTracker, CoinGlass, Hypurrscan, Nansen and Arkham sites and docs, checked Nov 13, 2026; Hyperliquid’s docs on sub-accounts.