Latest Coinglass data reveals Hyperliquid whale accounts hold a combined $4.016 billion in notional positions, with longs at $2.024 billion (50.39%) and shorts at $1.992 billion (49.61%). This creates a long-short ratio of 1.02, indicating only marginal bullish skew in positioning. Despite near symmetry in notional exposure, performance shows asymmetry with long whales up about $14.8423 million while short whales show unrealized losses of roughly $41.6691 million. The data highlights a broader pattern where account-based long/short ratios hover near 1.0 while PnL swings are driven by timing and leverage rather than headline notional alone.
Hyperliquid's HIP-4 event contracts have officially launched, adding a new prediction market product to the protocol's trading stack. According to defioasis, the contracts recorded 6.05 million in nominal trading volume on the first trading day, giving HIP-4 about 0.7% of the day's prediction market share. This early traction positions Hyperliquid as a significant player in the competitive prediction market landscape, with the protocol's native token HYPE trading at $41.64 as of latest reports. The launch comes as the broader prediction market sector continues facing regulatory uncertainty from state-level restrictions.
One address stands out: whale wallet 0xa5b0..41 currently holds a 15x leveraged long position on ETH opened at an entry price of $2,265.48. At current pricing levels, the position shows an unrealized profit of approximately $2.9404 million, making it one of the largest single-account ETH long PnLs on the platform. Historical data from RootData shows this same address repeatedly re-pricing its ETH 15x long as market conditions change, at times sitting on multi-million-dollar gains when ETH traded near $2,150–$2,000, and at other times shouldering seven-figure drawdowns. A recent crypto.news guide emphasized that such concentrated, high-leverage whale positions can act as "hidden liquidation magnets," influencing order-book dynamics as funding, price, and margin levels converge.
HYPE (HYPE) traded at $41.64 at press time, with 24-hour trading volume of $255.91 million based on crypto.news data. The token gained 1% in the past day, while it stayed down almost 2% over the past week. The token's market cap stood near $9.92 billion, based on a circulating supply of 240 million HYPE. The token is consolidating near the upper part of its recent range, with the price remaining below the $42.50 to $44.00 resistance area that traders are watching for a clean breakout. Support sits near $40.50 to $41.00, with buyers potentially attempting another move toward $42.50 and $44.00 if the zone holds. The RSI sits at 54.38, above its moving average of 51.94, showing mild bullish momentum, while the MACD remains less clear with bearish pressure not fully cleared.
Venture capital firm Andreesen Horowitz (a16z) has submitted a comment letter supporting the U.S. Commodity Futures Trading Commission's (CFTC) push for sole oversight of prediction markets. According to reports from AMBCrypto and Cointelegraph, the VC firm warned that allowing states to dictate prediction market rules would create serious barriers and cause market liquidity issues. Miles Jennings, general counsel at a16z, emphasized that prediction markets are 'powerful tools' but regulatory uncertainty could threaten their future development. The firm's letter explicitly backs the CFTC's pursuit of federal oversight and argues that state crackdowns undermine impartial access to prediction-market platforms, specifically mentioning Kalshi and Polymarket as platforms facing state-level restrictions. a16z continues to emphasize that coherent federal framework would let prediction markets operate smoothly across all fifty states, arguing that platforms face a legal maze—compliant in some jurisdictions, banned in others, unclear in the rest.
