Hyperliquid's whale holdings have reached $6.286 billion, with short positions surpassing long positions, according to Coinglass data. Short positions account for 52.95% of the total, amounting to $3.328 billion, while long positions make up 47.05%, totaling $2.957 billion. The profit and loss (PnL) for long positions stands at -$161 million, whereas short positions have a PnL of $240 million. A notable whale address, 0xb317..ae, has taken a 5x fully collateralized long position on Ethereum at $3,147.39, currently facing an unrealized PnL of -$10.674 million. This highlights the current market dynamics where short positions are yielding better returns than longs.