Whales on the Hyperliquid platform currently hold $8.538 billion, with a long-to-short position ratio of 0.87.
My first reaction after reading this: the impact is relatively small. If it means anything, it’s the direction it reflects.
Whenever I see this kind of news, people in the comments get carried away. I’d rather take a moment to think.
$ETH

#ETH

I could be wrong, so please manage your own risk.