BEARISH 📉 : Hyperliquid long-short deadlock reaches $3.64B, liquidation risk builds
Hyperliquid leverage hits $3.64B. Longs and shorts are split 1:1.
Whale positioning is deadlocked. Directional break risks a squeeze.
- Total leveraged exposure: ~$3.64B, near parity between sides per CoinGlass Hyperliquid metrics.
- Longs: $1.821B vs shorts: $1.823B, a near-perfect split per CoinGlass.
- PnL skew: longs sit on ~$57.38M unrealized gains; shorts show ~$11.16M losses per CoinGlass.
Large, visible positions add fuel. One wallet, 0x6c85…f6, holds a 20x long in ETH at $2,012.11. Unrealized profit is >$15M.
Liquidity looks thinner than totals imply. A move against either side can cascade liquidations, given the leverage stack. Metrics show both books tightly matched, raising tail risk per CoinGlass.
Key levels flagged for ETH: $2,100 as squeeze trigger, $1,990 as support; a flush could target ~$1,850. Source — Coinspeaker.