Hyperliquid whale positions on the platform are nearly balanced between longs and shorts, according to Coinglass data. According to ChainCatcher, total whale holdings stand at $4.997 billion, including $2.461 billion in long positions and $2.536 billion in short positions.

Long positions account for 49.24% of the total and show an unrealized loss of $107 million, while short positions account for 50.76% and show an unrealized profit of $35.8591 million. A whale address, 0x66f8..a9, is currently holding a 40x fully leveraged short on BTC opened at $63,961.9, with an unrealized profit of $960,900.