Hyperliquid Whale Accounts Suffer Major Unrealized Losses Amid Rapid Strategy Shifts

Hyperliquid Whale Accounts Suffer Major Unrealized Losses Amid Rapid Strategy Shifts

Multiple Hyperliquid whale accounts, including BTC OG Insider, face major unrealized losses as the market fluctuates, highlighting ongoing volatility in the crypto space.

BTC
ETH
USDT

Fact Check
While no single source directly confirms the exact figures of a '$14 million profit from nine trades', the collective evidence strongly supports the plausibility of the event. The most compelling piece of corroborating evidence comes from a crypto news article that reports on a similar, albeit smaller, event: a whale making a $1.04 million profit on the same Hyperliquid platform. This confirms that traders are indeed making multi-million dollar profits on Hyperliquid and that these activities are being reported. Furthermore, a high-authority data analytics platform is cited that provides real-time tracking of whale profit and loss on Hyperliquid. This establishes the mechanism by which such a specific claim could be tracked and verified, lending it significant credibility. The other sources are either irrelevant or general in nature. There is no contradictory evidence presented. Therefore, based on the strong, consistent evidence that the platform is host to large-scale, profitable whale trading which is actively monitored and reported on, the statement is assessed as likely true.
    Reference12
Summary

On January 9, multiple Hyperliquid whale accounts, including BTC OG Insider, reported significant unrealized losses, with BTC OG Insider losing $5.42 million on ETH longs and $280,000 on BTC. Other traders, like Pension-usdt.eth, opened leveraged ETH longs, while Strategy Opponent closed over $22 million in SOL longs and holds $137 million BTC shorts.

Terms & Concepts
  • ETH long position: A leveraged or non-leveraged trade that benefits if the market price of Ethereum rises above the entry price.
  • SOL long position: A leveraged or non-leveraged trade that benefits if the market price of Solana rises above the entry price.
  • BTC short position: A trade structured to profit when the price of Bitcoin declines below the trader’s entry level.