I just saw on Coinglass that the whales in Hyperliquid have a combined position reaching $3.916 billion. The interesting part - their long-short ratio is 1.05, so there are more long positions than short. The long side is $2.006B, earning $24.1M, but the short side is $1.91B and has lost $8.6M. There is one large address that opened a massive 15x long on ETH at $2,148.7 and has an unrealized profit of $5.9M. It seems the whales are still optimistic about the market. It's interesting to see how these long-short ratio patterns correlate with Bitcoin and other major assets. Maybe it's worth monitoring how these positions shift over the next few weeks.

ETH-1.72%
BTC-0.08%
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