Hyperliquid whale positions totaled $5.24 billion, with short exposure slightly exceeding longs, according to Coinglass data. According to ChainCatcher, long positions stood at $2.58 billion, accounting for 49.27% of total positions, while short positions were $2.66 billion, or 50.73%.

The data showed aggregate unrealized profit and loss of -$6.73 million on long positions and -$94.49 million on short positions.

One whale address, 0x0ddf..02, opened a 3x cross-margin short position in ETH at $1,700.06 and was showing an unrealized loss of -$8.50 million at the time of the report.