Hyperliquid Whale Positions: $4.693B in a Near-50/50 Split
With a total open interest of $4.693 billion, Hyperliquid whales are nearly evenly split between longs ($2.275B, 48.48%) and shorts ($2.418B, 51.52%). The near-perfect balance underscores deep uncertainty in the market, where large players are betting in opposite directions with similar conviction.
Double Pain: Both Longs and Shorts Deep in the Red
Despite the balanced positioning, both sides are suffering. Longs have accumulated an aggregate unrealized loss of -$96.275 million, while shorts are down -$21.001 million. This “long-short squeeze” pattern often precedes significant volatility or funding rate resets, as neither camp can claim a clear edge in recent price action.
Address 0x50b3..20: 23x Full-Margin Short on ETH Bleeds $6.63M
One particular whale address, 0x50b3..20, opened a full-margin short on ETH at $1,541.36 with 23x leverage. The position currently shows an unrealized loss of -$6.63 million. With such high leverage and full margin, the liquidation price is dangerously close, meaning a moderate ETH rally could trigger a forced closure, potentially adding fuel to a short squeeze.
This move highlights aggressive bearish conviction on ETH, but the current loss warns of the perils of over-leveraged directional bets. Retail traders should pay attention to liquidation cascades that could amplify volatility.
Data source: Coinglass. This is not financial advice.