Hyperliquid whale's position ratio is 52.74%, favoring shorts—A new development in market analysis

MissedAirdropBro · 2026-02-16T12:21:28+00:00

Recent data from Coinglass reveals a significant shift in strategies among large traders on the Hyperliquid platform, with whale addresses holding total positions of $34.3 billion, predominantly in short positions. This suggests a strong bearish sentiment in the market.

MissedAirdropBro

2026-02-16 12:21:28

Abstract generation in progress

According to the latest data from Coinglass, significant changes have been observed in the strategies deployed by large traders (whales) on the Hyperliquid platform. Currently, the total position of whale addresses has reached $34.3 billion, with a clear dominance of short positions. Let’s analyze the background of this position ratio and its implications for the market.

Whale Position Composition Revealed by the Latest Coinglass Data

The breakdown of the $34.3 billion large positions is divided into $16.21 billion in long positions (47.26% of the total) and $18.09 billion in short positions (52.74%). The 52.74% short allocation suggests a relatively strong market sentiment expecting a decline. Meanwhile, the profit and loss of long positions have fallen into a negative $139 million, whereas short positions are showing a profit of $271 million, indicating that short strategies are currently effective in the market environment.

The Dominance of Short Positions Creates Profit Opportunities and the Significance of the Position Ratio

The phenomenon where short positions exceed long positions in the ratio is an important indicator reflecting market sentiment. The 52.74% concentration of shorts indicates that professional traders are anticipating a correction or continuation of a downtrend. Profit-wise, the $139 million loss in long positions contrasts with the $271 million profit in shorts, and this difference eloquently illustrates the current market structure.

Individual Whale Movements: Example of Significant Unrealized Losses in ETH Shorts

Particularly noteworthy is the strategic shift of whale address 0x0ddf…02. This address holds a 3x leveraged short position on ETH, but as the price has risen from the entry point of $2,171.83, the unrealized loss has expanded to -$3.221 million. While overall positions are profitably skewed toward shorts, individual actors like this are experiencing losses, highlighting that market participants’ strategies are not monolithic.

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