Hyperliquid Whales Hold $5.772 Billion, Slightly Favoring Short Positions

Analysis of Hyperliquid Whale Positions

According to the latest data, the total holdings of cryptocurrency whales on the Hyperliquid platform have reached $5.772 billion. Long positions account for $2.727 billion (47.26% of total holdings), while short positions total $3.044 billion (52.74% of total holdings). In terms of profit and loss, long positions have collectively lost $247 million, while short positions have gained $325 million.

Focus on Key Addresses

Notably, a whale address 0xb317..ae has taken a fully leveraged long position on ETH with 5x leverage at a price of $3,161.85. The unrealized loss on this position currently stands at $49.19 million, drawing significant market attention.

Market Impact Insights

• The rising proportion of short positions indicates growing bearish sentiment among institutional investors.
• Significant losses on some whale positions may lead to adjustments in the near future, potentially affecting market liquidity.
• Although the current long-to-short ratio is nearly balanced, shorts hold a slight edge, signaling caution amid market volatility.