Hyperliquid Whale Movement Overview: Currently, on-chain Large Investors have Holdings of $5.377 billion, with long positions of $2.413 billion and short positions of $2.964 billion. Interestingly, long positions have lost $109 million, while short positions have gained $197 million—this wave of shorting is quite exciting.

Specifically, a certain Whale address 0x5b5d is shorting ETH at the price of $3533.75 with 10x leverage, currently realizing a floating profit of up to $5.719 million. It seems that this short position has correctly predicted the direction.

Market sentiment is weak, and the long-short ratio of 0.81 indicates that the short positions are still dominant.