$7.784 billion Hyperliquid whale… Short position ratio at 53.78%

Hyperliquid whale positions totaled $7.784 billion as of 1:01 a.m. on the 1st, with shorts outnumbering longs by $588 million, according to Coinglass data. Long positions stood at $3.598 billion (46.22%) versus shorts at $4.186 billion (53.78%), yielding a long/short ratio of 0.86—meaning every $1 of short exposure was matched by roughly $0.86 in longs, a value-based measure rather than an account count. Despite the larger short book, aggregate PnL showed longs up $97.73 million while shorts were down $75.55 million. The skew matters because heavy short positioning on a major perp venue can amplify volatility if prices move against the crowd. Watch whether the short-heavy imbalance persists or unwinds, and how forced liquidations reshape the long/short ratio in upcoming sessions.