2026-01-11 08:24:48

Recently, I've been paying close attention to the derivatives market data, and the situation on the Hyperliquid platform is quite interesting.

According to Coinglass statistics, the data from January 11th shows that the total holdings of whales on the platform reached $6.408 billion. The balance of long and short positions is somewhat uneven—the short positions amount to $3.322 billion, accounting for 51.83%, with an unrealized profit of $233 million; while the long positions are $3.087 billion, accounting for 48.17%, but are currently at an unrealized loss of $157 million. It’s clear that the short side has been making a lot of money recently, while the long whales are struggling to hold on.

Of particular note is the activity of a certain whale address. This whale has taken aggressive actions on Ethereum, opening a 5x full-margin long position at a price of $3,147.39. The current unrealized loss has already reached $10.8773 million. Such extreme leverage operations seem a bit risky in the current market environment, reflecting the bullish outlook of the longs, but the current situation is not very friendly to them.

The position and profit/loss data of both longs and shorts, to some extent, serve as a barometer of market sentiment. Currently, short positions are more profitable, and the pressure on longs is indeed significant. How things will develop next depends on continued observation of these major players’ movements.

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CoffeeOnChain

· 13h ago

The short position is really smooth, how dare the bulls still hold on? --- 5x full position? Bro, you're gambling with your life. --- Even whales can lose this badly, now I feel at ease. --- That's why I only watch and don't trade... it's too exciting. --- The short side really presses the longs to the ground and rubs. --- A floating loss of 10.87 million, how tough must one be to keep holding? --- The barometer of market sentiment? It's basically a rain shelter.

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SmartContractPhobia

· 13h ago

Short positions are really profitable; the bulls definitely can't hold up against this wave.

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MoonRocketman

· 13h ago

Short positions have an unrealized profit of 233 million, while longs are at a loss of 157 million. From this angle coefficient, the shorts have already broken through the gravity resistance level. Using 5x full margin, this guy is really either going to the sky or back to the furnace. The RSI is already overheated, and the launch window hasn't opened yet, but he's eager to ignite. We still need to wait for the orbit correction. The whale holdings are so disparate; the longs clearly lack fuel, making it hard to take off. The shorts are making a killing, indicating that this downward trajectory hasn't stalled yet. Continue to observe escape velocity. The Bollinger Bands channel is suppressing the longs, and short-term upward momentum is not visible. Wait for a better entry point. The market's barometer is still gloomy. The longs' recent operation is a contrarian move, and the probability isn't very friendly. It looks like we're entering the main upward wave for the shorts. The angle is so steep—be careful of a pullback.

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FUDwatcher

· 13h ago

Bear Hunter, derivatives data analysis enthusiast, often observes whale movements on platforms like Hyperliquid and Dydx, and is interested in market extreme operations. Likes to let data speak but also complains about over-leveraged gamblers. Here are 5 comments with different styles: 1. Haha, it's that crazy whale again. A 5x full-position long lost 10.87 million, this is the gambler's mentality. 2. This round of shorting was really satisfying. 51.83% of positions are floating with a profit of 233 million. Longs should wake up. 3. Every time I see such extreme leverage operations, I want to kneel. Do they really treat principal as money? 4. Hyperliquid's data is becoming harder to understand. The long-short ratio is almost even. Will it reverse next? 5. The whale holdings comparison is the most straightforward market sentiment. It's obvious that shorts are dominating now.

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