Hyperliquid Whale Positions Total $929.2M... Short Ratio at 52.33%

Hyperliquid (HYPE) platform data shows that large positions classified as whales have a combined value of $929.2 million (approximately KRW 12.888 trillion). Short positions accounted for a higher percentage than long positions, but the unrealized profits and losses were mixed. According to CoinGlass data from April 19, Hyperliquid whale long positions totaled $443 million (approximately KRW 6.1444 trillion), representing 47.67% of the total. Short positions amounted to $486.2 million (approximately KRW 6.7436 trillion), or 52.33%. The long-to-short ratio was 0.91, indicating that nominal short positions exceeded long positions in size.

However, these figures reflect derivative positions at a specific point in time and do not represent the overall platform trading activity or market direction. Unrealized profits from long positions totaled $644 million (approximately KRW 893.2 billion), while short positions recorded $78 million in unrealized losses (approximately KRW 982 billion). Despite larger short position sizes, the unrealized loss on shorts exceeded the profit on longs.

Individual large positions included an Ethereum (ETH) short at wallet address 0x5b5d..60. This address initiated a five-times leveraged, full-margin sell position in ETH at $2,297.25, with an unrealized loss of $32.671 million (approximately KRW 45.3 billion). Full margin means the entire account collateral was used to maintain the position. With five times leverage, price movements in the underlying asset would have a magnified impact on position profits and losses.

Individual position unrealized P&L can fluctuate based on Ethereum prices and position adjustments. Hyperliquid whale positions track large derivative positions with nominal values exceeding $1 million. Previous reports also showed short dominance among whale positions on the platform. Position sizes and P&L change in real-time due to price movements, new entries, liquidations, or position reductions. Although shorts made up over half of the positions, individual wallet directions cannot determine Ethereum or Hyperliquid token price trends.