MERL on Hyperliquid: mark price $0.02546. $440k of open positions tracked across 127 wallets.

All tracked wallets: net bias −2% (net short), $215k long vs $226k short; 66 wallets long, 61 short.

Top traders: net bias −30% (net short), $90.9k long vs $169k short; 1 wallet long, 3 short.

Worst traders: net bias +17% (net long), $4.07k long vs $2.91k short; 1 wallet long, 1 short.

Whales: net bias −29% (net short), $91.1k long vs $166k short; 2 wallets long, 3 short.