Hyperliquid Whales Hold $8.538 Billion as Shorts Outpace Longs

Whale positions on Hyperliquid totaled $8.538 billion, with short exposure exceeding longs and signaling a bearish tilt in the platform’s largest positions.

Short positions amounted to $4.578 billion, or 53.61% of total whale exposure. Long positions stood at $3.961 billion, representing 46.39% and producing a 0.87 long-to-short ratio.

Long positions showed a combined profit of $320 million, while short positions recorded a combined loss of $307 million.

One whale address, 0x5b5d..60, held a 5x cross-margin short position in Ether (ETH) at $2,322.63. The position had an unrealized loss of $19.3045 million.

The latest figures follow an earlier Hyperliquid whale-position report with lower total exposure and a similar short-heavy positioning pattern.