Hyperliquid Whales Hold Over $4.7 Billion in Positions

A recent analysis of data from Coinglass reveals that whales on the Hyperliquid platform are currently holding an impressive $4.729 billion in positions.

The majority of these holdings, approximately 50.94%, consist of short positions valued at $2.409 billion.

Conversely, long positions account for around 49.06% of total holdings and amount to $2.32 billion.

A notable example of a whale's strategy is the address '0xb83d..36', which recently took on a 5x full position short on ETH at $1,869.42, resulting in an unrealized loss of -$2.3088 million.