Hyperliquid whale accounts currently hold $4.31 billion in total positions, with short exposure slightly exceeding long exposure, according to Coinglass data. According to ChainCatcher, long positions total $2.12 billion, representing 49.15% of holdings, while short positions total $2.19 billion, representing 50.85%.

The data show aggregate unrealized profit and loss of -$158 million on long positions and $37.46 million on short positions.

Separately, a whale address labeled 0x082e..88 opened a 5x leveraged, full-position long in HYPE at a price of $38.6755, with an unrealized profit and loss of $38.22 million.