I just checked the data on Hyperliquid and noticed an interesting point — the big sharks have a completely different perspective from the high-profit traders on this platform. The large wallet group holds about $257 million in Bitcoin long positions, compared to only $126 million in shorts, showing a fairly clear optimism. This is distributed across 98 wallets with a total value of $1.63 billion and a liquidation risk of only 2.1% — it seems they manage risk quite carefully.

But here’s the interesting part — high-profit traders (590 wallets) are betting the opposite, with $416.8 million in BTC short positions versus $207.3 million in longs. Ethereum remains the largest exposure with $643 million, double that of Bitcoin. Overall, the whale group holds $890 million long and $744 million short — not too aggressive but enough to show cautious optimism.

The contradiction between these two groups is quite clear. The upcoming market will reveal who is right — whether the price rally that the sharks expect will happen or if the high-profit traders will be confirmed by a price decline.