Interesting signals have been detected in the large position trends on the Hyperliquid platform. According to Coinglass data, the total holdings of whales within the exchange currently amount to $5.552 billion, with particular attention to the dynamics between long and short positions.

**Deepening Imbalance in the Long-Short Ratio**

Currently, long positions occupy $2.665 billion(, accounting for 48.01%) of the total, while short positions dominate with $2.886 billion(, representing 51.99%). In this long-short ratio configuration, the short side holds a slight advantage.

**Profitability Polarization**

More noteworthy is the profit and loss status. Long positions are recording a loss of $224 million, whereas short positions are generating a profit of $291 million. This indicates a clear disparity in gains and losses between long and short positions in the current market.

**Wavering Profitability of Major Whales**

Particularly notable is the movement of whale address 0xb317..ae. This address purchased ETH at around $3,147.39 with 5x leverage but is now facing a realized loss of $34.2818 million. It is interesting to see that even large-scale whales with substantial capital are experiencing difficulties in realizing profits in the current market environment.