2026-01-09 08:29:12

The recent movements of major players on the Hyperliquid platform have been quite interesting. According to data, the total holdings of whale accounts have reached $6.899 billion, but the distribution of this massive amount is not evenly spread.

From the long-short comparison, long positions amount to $3.346 billion, accounting for 48.5%; short positions total $3.553 billion, accounting for 51.5%. It appears that the shorts have a slight edge, but the gap is not significant. Interestingly, the profit and loss data shows a wider disparity — unrealized loss of $110 million on longs, while shorts have an unrealized profit of $183 million, indicating that short bets are more precise.

Another noteworthy point is the operation of a whale address. When ETH price was $3,147.39, this address went all-in with a 5x leverage on long positions. It sounds very aggressive, but the reality is quite harsh — unrealized losses have already expanded to $5.6515 million. Large capital does not necessarily shield against market volatility, which is an interesting reminder.

ETH0,62%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
10
Repost
Share

Comment

0/400

YieldWhisperer

· 01-12 03:44

whales getting rekt on 5x longs... actually the math doesn't check out here. if they're down $5.65m already, where's the liquidation cascade? smells like they're averaging down. seen this exact wallet pattern before in 2021, never ends well lol

Reply0

BrokenDAO

· 01-11 19:13

From a game theory perspective, this is a classic case of incentive distortion—large capital believes it can set the price, only to be ruthlessly taught a lesson by the market.

View OriginalReply0

Hash_Bandit

· 01-10 17:48

whales getting recked on leverage is basically the oldest story in crypto... 5x on eth at 3k and still bleeding? that's what happens when you think size = skill lol

Reply0

RamenStacker

· 01-09 08:56

Shorts made a killing this wave, longs are still holding on stubbornly --- Five times full position? Bro, are you betting your life? --- Losing over 5 million isn't a big deal, the key is the mental breakdown --- Even whales have their pitfalls, it seems no one can win every time --- Shorts are precise, huh? Then let's keep watching them get liquidated in reverse --- This guy is really daring, going all-in with five times leverage, and he got educated by the market --- 68.99 billion can still be diversified like this, are whales fighting among themselves? --- Longs with an unrealized loss of 110 million vs. shorts with an unrealized profit of 183 million, that's quite a gap --- Losing 5.65 million with five times leverage is considered light; I lost everything with a single bet --- Large funds are still trapped; this market is truly equal, haha

View OriginalReply0

HashRateHermit

· 01-09 08:56

The short squeeze this time was really fierce, directly crushing the longs. Whales also got wrecked, losing 5.65 million with 5x leverage—serves them right. This is what you call even funds can't save you.

View OriginalReply0

tx_pending_forever

· 01-09 08:56

Shorts make money, longs lose money, this is the current situation Whale with 5x leverage all-in long lost 5.65 million, hilarious... big players also got wrecked This round of shorting was indeed precise, no wonder they made 180 million Position is roughly 50/50, but the money difference is so large, the market is interesting Mega whale with 5x leverage got liquidated directly, serves them right haha

View OriginalReply0

MissedTheBoat

· 01-09 08:50

Shorts make money again, longs lose again, this is the current situation. This whale buddy used 5x leverage to go long on ETH with full position and ended up trapped for 5.65 million. I feel for him. No matter how much money you have, you can't withstand the destruction of leverage. This has been validated once again.

View OriginalReply0

ProbablyNothing

· 01-09 08:50

The short position was indeed precisely targeted this time. Long traders are feeling a bit uncomfortable. --- Using 5x leverage on full position? This guy's imagination is really something. Just consider the $5.65 million as tuition fees. --- Whales are also struggling; it seems no one can escape this wave of volatility. --- The short positions have an unrealized profit of 183 million. This data isn't very friendly to the longs, haha. --- Holding 6.8 billion in position with this move? Even big players are getting wrecked. Now I feel more at ease. --- The long and short positions are only 3% apart, but the profit and loss differ by more than three times. Uh, this gap is a bit crazy. --- Using 5x leverage on a full position, losing $5.65 million but not爆, big players are indeed resilient.

View OriginalReply0

Layer2Observer

· 01-09 08:46

The short position this time definitely has a good feel; the floating profits are all out, while the longs are still digging their own graves.

View OriginalReply0

OnchainArchaeologist

· 01-09 08:44

It's the same story again: bears make money while bulls suffer heavy losses. This is the current market. Look at that guy who went all-in with 5x leverage—he put in 5.65 million, but no matter how big the funds, it's all in vain. Bears are now more confident, and the nearly 50-50 situation has been stretched out by profit and loss to this point. Whales are also gambling—no one can guarantee a win. What is this guy thinking? Going all-in with leverage at $3,147—how confident must he be in ETH to operate like this?

View OriginalReply0