Whales are positioned net short, weighing first on risk appetite for Hyperliquid ($HYPE ) and Ethereum ($ETH ): shorts have greater notional exposure, but are losing money on paper. ChainCatcher, citing Coinglass, reports that platform whales currently hold $8.655 billion in positions, with a long-to-short ratio of 0.86. Long positions total $3.997 billion, or 46.18%; short positions total $4.658 billion, or 53.82%. Longs are up $353 million, while shorts are down $348 million. Address 0x5b5d..60 opened a 5x cross-margin short on Ethereum at $2,322.63, with unrealized losses of $20.8362 million. $HYPE The current price is 85.62 USDT, up 1.42% over 24 hours. Shorts are in the lead, but their floating losses are growing. In the short term, attention is on whether short covering will amplify volatility; the direction is not yet set.
#HYPE #ETH