Whale holdings on Hyperliquid have reached $5.76 billion as of November 4, 2025, with short positions dominating at 55.38%, totaling $319 million. Long positions account for $257 million, representing 44.62% of the total. Long positions have incurred a loss of $13.6 million, while short positions have gained $19.5 million. A significant whale address, 0x5b5d..60, has placed a 10x leveraged short position on Ethereum at $3,531.53, currently facing an unrealized loss of $6.185 million.