Hyperliquid whale positions total $7.747 billion, with shorts accounting for 53.61%

Whales on Hyperliquid (HYPE) hold $7.747 billion in derivatives positions, with shorts accounting for 53.61%, according to Coinglass data reported Tuesday. Long positions totaled $3.594 billion versus $4.153 billion in shorts, leaving shorts oversized by $559 million and a long/short ratio of 0.87. Despite the short-heavy positioning, whales' longs were up $55.27 million while shorts were down $34.33 million, indicating recent price action favored longs. The data matters because whale positioning on Hyperliquid, a leading perpetuals DEX, often signals directional sentiment for HYPE and broader crypto markets. Traders should watch whether the short skew persists or unwinds, as a short squeeze could amplify upward price momentum, while individual whale addresses' moves—such as address 0x5b5d…60 highlighted in the report—may offer further clues.