Traders on the Hyperliquid platform have shown varied positions on several cryptocurrencies as of mid-April 2025. Currently, traders are predominantly long on Ethereum (ETH) and Bitcoin (BTC), while they are short on Solana (SOL), HYPE, and Dogecoin (DOGE). Notably, the majority of traders in SOL, HYPE, and BTC are reporting profits on their positions. However, there has been a shift in sentiment regarding Ethereum, where traders have moved from a short position last week to a long position this week. In contrast, short positions on Bitcoin have increased, indicating a cautious outlook among traders. The overall open interest on Hyperliquid remains stable at approximately $3.3 billion, while Bitcoin's open interest has risen from $800 million to $1.34 billion year-to-date, reflecting increased trading activity in that asset.