Hyperliquid whale holdings status: the long-short ratio drops to 0.89, with the short side holding the advantage

AirdropHuntress · 2026-03-12T00:04:35+00:00

The latest data shows that the total holdings of the Hyperliquid platform's whale accounts amount to $5.652 billion, with a long-short ratio of 0.89, indicating market disagreement on the future outlook. Short positions account for 52.78%, showing a bearish bias among large funds. Additionally, the longs are currently experiencing losses, while the shorts are making profits, reflecting downward pressure in the market.

AirdropHuntress

2026-03-12 00:04:35

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According to the latest on-chain data, the total holdings of the whale accounts on Hyperliquid reach $5.652 billion, with a long-short position ratio of only 0.89. This indicator reflects the level of disagreement among market participants about the future trend.

Long-Short Position Distribution Shows a Tilted Trend

Among the whale accounts, short positions amount to $2.983 billion, accounting for 52.78%, while long positions are $2.669 billion, accounting for 47.22%. This suggests that large investors are somewhat bearish, with short positions exceeding long positions by about $300 million. The long-short position ratio of 0.89 further confirms the cautious attitude of whales toward the current market, with shorts holding a clear advantage in position allocation.

Profit and Loss Performance Reveals Market Reality

Interestingly, the two sides show a stark contrast in unrealized and realized gains and losses. The long side has an unrealized loss of $249 million, indicating a loss; meanwhile, the short side has realized profits of $324 million. This profit and loss contrast indicates that recent market downward pressure is real, validating the effectiveness of short strategies through on-chain data, while longs have been under pressure in the current cycle.

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