A snapshot of large Hyperliquid positions on Oct. 23 showed short exposure $623 million above long exposure, with short positions making up a larger share than in a snapshot three days earlier.
Shorts were valued at $4.437 billion, compared with $3.814 billion for longs, for a combined $8.251 billion. Shorts represented 53.78% of the total, while the long-to-short value ratio stood at 0.86.
The short share was higher than the 53.25% in an Oct. 20 snapshot of large Hyperliquid positions. That earlier reading put total positions at $8.013 billion and the gap between shorts and longs at $521 million. A ratio of 0.86 means long positions were valued at about 86 cents for each dollar of shorts.
The Oct. 23 listing showed an unrealized $7.1826 million loss on the 5x cross-margin ETH short in account 0x5b5d..60, marked at $2,322.73.
