Every trader has wondered it at some point: what are the big players doing right now? Usually, you can't know. Big funds don't announce their positions.
But on Hyperliquid, positions are onchain. That means they're public. And the Zexca Onchain Leaderboard turns that public data into something you can actually read.
Who the top 50 are
Every night, Zexca ranks traders on Hyperliquid by the profit they actually made, with deposits taken out so nobody looks like a genius just for adding money. Accounts whose numbers don't add up are left out entirely. Here's the full method.
From that ranking, Milo follows the top 50 through the day.
What you can see, live
Every couple of minutes, Milo reads the open positions of those 50 traders and shows you:
- The long/short split. Of everything the top 50 hold, how much is betting on prices going up (long) and how much on prices going down (short).
- Coin by coin. The same split for each market they trade, like Bitcoin, Ethereum or Solana.
- Entry prices. The average price the longs and the shorts got in at.
- Liquidation levels. The prices where big clusters of positions would be forced to close.
- The biggest moves. When one of the top traders opens or closes something large, it shows up in the feed.
You can also see how the split has changed over the last day, so you know whether the big players are leaning harder into a side or starting to back away.
Why liquidation levels matter
When a leveraged position loses too much, it gets closed automatically. That's a liquidation. If many positions share a similar liquidation price, reaching that price can force a lot of buying or selling at once, and that can make the price move faster.
So a big cluster of short liquidations above the current price is worth knowing about. If the market climbs there, those shorts get forced to buy back, which can push the price up even more. That's what traders call a short squeeze.
How to read it wisely
The top 50 being heavily short doesn't mean the price must fall. Here's how to think about it:
- It shows positioning, not the future. These traders can be wrong, and they often change their minds.
- A crowded side can be a risk. When almost everyone is on one side, a move against them can be sharp.
- Check whether they're winning. Milo shows whether each side is in profit or loss. A crowd that's losing money is under pressure.
- Watch the change, not just the level. Shorts piling on is a different story from shorts slowly closing.
Using it with Zexca signals
The leaderboard is a great way to add context to a trade. When you look at a free crypto signal on Zexca, check the leaderboard too: are the top traders on the same side, or the opposite one? Neither answer is a green light on its own, but together they give you a much fuller picture.
Take a look
Open a free Zexca account and head to the Onchain section of the AI menu. Watch the top 50 for a day and see how the big money actually moves. It's real data, it's live, and Milo does the reading for you.
Educational content, not investment advice. Trading carries risk, including the loss of capital.