2026-01-06 08:28:39

I looked at the data from the derivatives market, and the whale activity on the Hyperliquid platform is quite interesting.

Currently, the total whale holdings have reached $6.44 billion. Interestingly, the bears are in the lead — short positions amount to $3.366 billion, accounting for 52.28%, while long positions are $3.073 billion, accounting for 47.72%. In terms of profit and loss, the short side is doing quite well, with an unrealized profit of $86.5739 million, whereas the long side has an unrealized loss of $20.2544 million. It seems recent market conditions have been more favorable to the bears.

However, some whales have also adopted an aggressive long strategy at this point. A large trader near the ETH price of $3,147.39 used 5x leverage to go all-in long. Currently, they have an unrealized loss of $14.6419 million. This kind of operation is quite aggressive given the current market structure. Let's keep watching how it develops.

ETH0,16%

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AllInAlice

· 01-09 06:01

Shorts are so fun, is there really anyone daring to go 5x full leverage long? This guy is really bold—either making a huge profit or getting liquidated, no middle ground.

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PoetryOnChain

· 01-09 03:51

The bears are so aggressive now, making over 86 million. The bulls are really struggling... That guy who went all-in with 5x leverage is really ruthless, losing over 14 million but still holding on. Was it stubbornness or confidence in the trend?

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CoffeeNFTs

· 01-07 07:36

The bears are feeling great right now, but that guy with 5x leverage on his full position went long and directly lost over 14 million. How strong must his mindset be?

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StealthDeployer

· 01-06 12:59

Are the bears so fierce? That guy went all-in with 5x leverage long and got smashed directly. That's the gambler's spirit haha

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TokenTaxonomist

· 01-06 08:58

nah this 5x yolo move is taxonomically reckless, statistically speaking. let me pull up my spreadsheet real quick—52% short dominance against a leverage-aggressive whale? evolutionary dead-end behavior fr fr.

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LongTermDreamer

· 01-06 08:58

Shorts make money while longs lose money, this is the current situation. But look, that guy using 5x leverage with full position... Honestly, in a three-year cycle perspective, this is a sign of being at the bottom. How many times have we seen such situations in history? Unrealized losses look scary, but they might actually be bottom-fishing. Keep an eye on whether this guy can turn things around later.

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gas_guzzler

· 01-06 08:57

Shorts are making a killing, longs are still getting beaten... That brother is 5x full position in ETH, that's too ruthless. Just waiting for a rebound.

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CryptoNomics

· 01-06 08:54

honestly the short bias is just textbook market inefficiency at this point. if you run a basic correlation matrix on whale positioning vs realized volatility, you'd see the bears are priced in way too tight. that 5x ETH yolo though? *sigh* amateur hour. someone clearly didn't account for the endogenous feedback loops in liquidation cascades.

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AirdropHunterXM

· 01-06 08:46

The shorts are now making a killing. This guy is holding a 5x full position in ETH and is still showing a nearly 15 million loss, honestly it's a bit hard to hold on...

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ImpermanentPhobia

· 01-06 08:30

Shorts are enjoying it, longs are crying, this rhythm is indeed a bit ruthless. That guy who went all-in with 5x leverage really has a big gambling spirit...

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