Markets· ★★★· bearish·

Hyperliquid whales hold BTC and ETH shorts 1.5x larger than longs

  • —BTC shorts on Hyperliquid total $830M vs $518M in longs, ratio 0.62
  • —ETH shorts total $1.05B vs $687M in longs, ratio 0.65
  • —Data covers about 200 addresses with over $3M each as of October 5
  • —Short exposure exceeds long exposure by roughly 1.5x on both assets
Why it matters: Large Hyperliquid traders are positioned for further downside in BTC and ETH, raising the risk of cascading liquidations if prices rally.
#BTC#ETH
Source: PANews
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