Hyperliquid whale movements: $6.9 billion holdings slightly bearish, giant whale with 5x leverage longs ETH with an unrealized loss of $33.88 million

【BitPush】Hyperliquid platform’s capital game has become more interesting. According to on-chain data, the current position size controlled by the whale camp has reached $6.933 billion, but there is a clear divergence between longs and shorts — longs hold $3.374 billion (48.66%), while shorts hold $3.56 billion (51.34%).

What’s more intriguing is the profit and loss performance. Long positions are already in loss, with an unrealized loss of $41.6 million; in contrast, shorts are making money, with an unrealized profit close to $100 million ($99.94 million). This indicates that recent price swings have favored the short side.

Looking closely at specific positions, a whale named 0xb317…ae has used 5x leverage to buy ETH at a price of $3,147.39 with a full position. Currently, the account shows an unrealized loss of $33.89 million. This bold gamble reflects the large holder’s bullish outlook on the market, despite the somewhat poor performance so far.