According to the latest data from Coinglass, the whale movements on the Hyperliquid platform are worth paying attention to. Currently, these major holders have a total position size of $6.437 billion, with long positions at $3.11 billion (48.31%) and short positions at $3.327 billion (51.69%). Interestingly, the bearish side has a slight edge.

In terms of profit and loss, longs have lost $163 million, while shorts have gained $240 million — this clear contrast indicates that recent market conditions are more favorable for the short side.

On the details, a whale address 0xb317..ae has attracted attention. This individual directly took a 5x full position long when ETH was priced at $3,147.39, and currently, the unrealized loss has reached $11.467 million. Such high leverage operations indeed require a certain level of mental resilience. It also shows that even experienced major holders must endure significant risks in the face of current market volatility.