At Hyperliquid’s on-chain derivatives exchange, large positions still favored shorts on Oct. 20, although the profit-and-loss tally showed gains for longs and losses for shorts.
Short positions were valued at $4.267 billion, compared with $3.746 billion for longs. That left a $521 million gap, with shorts making up 53.25% of the $8.013 billion total. Long positions showed $164 million in aggregate profit, while shorts showed $129 million in aggregate losses.
A 5x cross-margin Ether (ETH) short tied to the address 0x5b5d..60 had a listed price of $2,322.65. The Oct. 20 snapshot put its unrealized loss on that short at $7.8751 million. In an Oct. 15 snapshot of large Hyperliquid positions, an Ether short tied to the same address showed a $2.8623 million unrealized loss.
Total exposure was $48 million below the Oct. 18 reading of $8.061 billion. The short share slipped from 53.37% on Oct. 18 and was close to the 53.24% recorded on Oct. 15.
