
Platform-wide whale data showed a modest bearish tilt, while separate onchain trackers highlighted individual BTC, HYPE, ETH and SPCX short trades with mixed realized and unrealized results.
Whale positions on Hyperliquid totaled $5.451 billion, with short exposure of $2.764 billion, or 50.71%, narrowly exceeding $2.687 billion in longs, or 49.29%. The aggregate data showed longs carrying a combined $92.9136 million unrealized loss, while shorts were posting a $3.7698 million profit, indicating a modest bearish tilt among the platform’s largest traders. Separately, Onchain Lens tracked a trader with $527,000 cumulative profit who remained fully short with 145 BTC in short exposure valued at $9.31 million and 15,000 HYPE in short exposure valued at $938,000. Hyperinsight also said a whale closed a roughly $45.9 million BTC short after Bitcoin fell below a $63,500 take-profit level, locking in about $974,000 gross profit and about $941,000 net after roughly $33,000 in fees over around 29 hours. In another Hyperliquid derivatives trade flagged by Onchain Lens, a whale closed 32,300 SPCX short positions worth about $4.07 million, realizing $927,900 in profit while remaining down $4.9 million overall. The newer platform-wide snapshot also highlighted one whale that opened a 3x full-position ETH short at $1,700.06 and was showing a $7.2297 million unrealized loss.