Whale holdings on Hyperliquid have reached $7.013 billion as of October 27, 2025, with short positions outweighing long positions. Short positions account for $3.719 billion, or 53.03% of the total, while long positions total $3.294 billion, or 46.97%. Long positions are currently showing a profit of $153 million, whereas short positions are experiencing a loss of $193 million. A significant whale address, 0x5b5d..60, has opened a 10x fully collateralized short position on Ethereum at a price of $3,453.45. This position is currently facing an unrealized loss of $38.15 million, highlighting the volatility and risk associated with such leveraged trades.