Hyperliquid Top 9 Whales Suffer $48.6M Floating Loss

According to Hyperinsight monitoring, the top 9 whale addresses on Hyperliquid hold positions ranging from $97.84 million to $314 million each, with a combined notional value of approximately $1.285 billion. All nine addresses are currently underwater, with a combined loss of about $486.35 million. The whale known as "BTC OG Insider" holds a position worth approximately $99.35 million, with an unrealized loss of $155.38 million; its 5x long BTC position is valued at $829.06 million, with a single-trade unrealized loss of $136.36 million, and a ZEC short position with an unrealized loss of $1.901 million. Among the top addresses, six are shorting ETH, totaling 222,000 ETH worth $456 million, with a combined unrealized loss of $362.08 million. The address "pension-usdt.eth" holds 50,000 ETH shorts, with an unrealized loss of $134.17 million; "BobbyBigSize" holds 44,200 ETH shorts, with an unrealized loss of $66.65 million; "Abraxas Capital" shorts 94,900 ETH, with an unrealized loss of $98.93 million; and the Wintermute market-making address has a net unrealized loss of $24.63 million.