Hyperliquid whale's long-short ratio status, with short selling dominance accounting for 52.56%

UncommonNPC · 2026-02-16T10:23:52+00:00

Current data from Coinglass indicates that whale positions on the Hyperliquid platform show a bearish dominance in long-short ratios, with short positions outnumbering long ones. Bellwether whale assets total $6.6 billion, reflecting cautious sentiment in the futures market despite bullish trends in the spot market.

UncommonNPC

2026-02-16 10:23:52

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According to the latest data from Coinglass, the whale groups on the Hyperliquid platform are currently revealing an interesting position structure. In particular, the short-to-long ratio shows that short positions are outnumbering multiple long positions. This contrasts with the bullish spot market and reflects a cautious stance among institutional investors in the futures market.

$6.6 Billion in Assets Held, Selling Positions Remain Dominant

The total assets held by whale addresses amount to $6.604 billion. Looking at the long-short ratio, buy positions account for $3.133 billion (47.44%), while sell positions dominate with $3.471 billion (52.56%). This distribution suggests that whale investors are aware of the upside risks in the current market and are hedging their risk through short positions.

Strong Profitability in Shorts, Losses in Long Positions

Analyzing the profit and loss status, the profitability gap between long and short ratios becomes more apparent. Short positions currently record an unrealized profit of $214 million, while long positions show a loss of $141 million. This indicates that whale short-selling strategies are well aligned with the current market trend, and at the same time, long positions are facing unexpected volatility.

Analysis of a Major Whale’s 5x Leverage ETH Position

The case of the individual major whale address 0xb317…ae exemplifies the current aggressive trading stance. This address bought all ETH at a price level of around $3,161.85 using 5x leverage, with unrealized gains and losses reaching $7.4023 million. Such high leverage positions among whale-level traders can pose significant risks, potentially impacting the volatility of the long-short ratio.

The current long-short ratio structure on the Hyperliquid platform reflects the dual strategies of whale groups. Despite the short dominance in the ratio, individual large positions maintain high-leverage bullish bets, which could lead to increased volatility if the market direction shifts.

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