Coinglass, a leading on-chain data platform, has released the latest whale positions on the Hyperliquid derivatives exchange. The aggregated position size tracked for these large addresses currently stands at $4.857 billion. The long positions account for $2.403 billion, representing 49.48% of the total, while short positions total $2.454 billion, capturing 50.52%. This near-even split indicates a balanced but slightly short-skewed sentiment among whales on the platform.
On the profitability front, the long side is showing a gain of $34.611 million, whereas the short side has amassed a significant loss of $84.0285 million. This divergence suggests that recent market movements have favored bullish positions. Within this data, one particular whale address—0x0ddf..02—has drawn attention. The address executed a 3x leveraged full-position short on Bitcoin (BTC) at an entry price of $69,423.2. Currently, the position is underwater with an unrealized loss of $4.9626 million, highlighting the risk of leveraged bets in a volatile market.
Transparency tools like Coinglass allow traders and analysts to monitor institutional-level flows and on-chain exposures, offering critical insights into how major players are positioning themselves in the crypto derivatives space.