Hyperliquid Whales Hold $4.784B in Positions with 0.97 Long-to-Short Ratio

According to Coinglass, whales on Hyperliquid currently hold $4.784 billion in positions, with long holdings of $2.35 billion (49.12%) and short holdings of $2.434 billion (50.88%), resulting in a long-to-short ratio of 0.97.

Long positions recorded unrealized gains of $42.57 million, while short positions faced unrealized losses of $106 million. A major whale address initiated a 5x short position on HYPE at $45.5093, currently showing unrealized losses of $35.68 million.