Whale Short Positions on ETH are officially in the red as of today

The whales that held on to their short position have a median entry of 2175$ / ETH (avg 2279) and average liquidation of around 3.5k

While Bitcoin Short Whales still sit on some profit, $ETH whales that didn't close have given it nearly all back. New entries are all negative, not a single profitable short position in the last 48 hours.

There are 35 Short Whale positions (1000 ETH or more) vs 25 Longs, however, longs have much larger positions (and lower leverage for once!), by position size the long short ratio is 1.2x, i.e. 1.2 times as many longs as shorts.

The whale positions make up 61% of all open interest on hyperliquid right now.

Still cautious, given the geopolitical situation and the horrible liquidity of the past few months (which hasn't improved), but may I say, I'm starting to hope that I can hope to be optimistic ?