$3.4 billion whale showdown! Long and short nearly evenly matched, with the short whale floating at a loss of nearly $3.48B

Latest data shows that on the Hyperliquid platform, the total position size of whale funds has reached approximately $1.76B.
From the position structure:
Long positions: about $1.72B (accounting for 50.62%)
Short positions: about $1.719 billion (accounting for 49.38%)
Overall, the long and short forces are basically balanced, but both sides are currently at a loss:
Longs floating at a loss of about $4.6575 million
Shorts floating at a loss of about $25.9858 million
One particularly notable whale address, 0x0ddf..02, previously held a full position with 3x leverage betting against BTC near $67,992. As the price changed, this position now shows an unrealized loss of approximately $9.9649 million.
From a market structure perspective, when whale long and short forces are close to balance, it often indicates that the market is entering a new phase of directional choice, and short-term volatility may further amplify.
In trading markets, even whales cannot always be on the right side forever.
What truly determines long-term results is not one or two judgments, but whether one can stick to their system and discipline amid volatility.