Hyperliquid whales with holdings exceeding $2.96 billion

Whales on the Hyperliquid derivatives platform hold open positions totaling $2.964 billion, according to the latest data from Coinglass. This figure highlights the growing importance of large investors in the decentralized trading ecosystem.

Nearly Balanced Distribution Between Long and Short Positions

Data revealed by ChainCatcher shows an almost equal split between bullish and bearish positions. Long positions total $1.463 billion, representing 49.36% of the total holdings, while shorts reach $1.501 billion with a 50.64% share. This nearly balanced distribution reflects a lack of clear consensus among whales regarding the market direction.

However, the results have been uneven. Bullish positions have accumulated losses of $134 million, compared to bearish positions that have recorded gains of $229 million in the same period.

Leveraged Whale Movements Generate Significant Gains and Losses

A notable case is a whale identified as 0xa5b0…41, which executed a 15x leveraged trade on ETH at an entry price of $2010.39. This position has resulted in an unrealized loss of $2.0397 million, exemplifying the inherent risks of high-leverage strategies on decentralized platforms. The size of this loss underscores how even whales with substantial capital can face significant challenges when using high leverage in their derivatives trades.