Hyperliquid’s current whale total position is about $7.024B, with longs at about $3.427B and shorts at about $3.597B. The long-to-short ratio is about 0.95. Longs have unrealized profit of about $437M, while shorts have unrealized losses of about $442M. First of all, friends, you should know that having slightly more shorts doesn’t necessarily mean bearish—they may also be spot-hedging positions. We shouldn’t only look at the long-to-short ratio; we also need to consider entry costs, unrealized P&L, and liquidation prices. In the current market, although the number of shorts is slightly higher, they are bearing greater psychological pressure and margin pressure; the longs may be in profit, but they could take profit at any time