Multiple-stage setback, all top 50 addresses on the BTC and ETH profit leaderboard on Hyperliquid are empty-handed

December 16 – Per data from Coinbob Popular Address Monitor, all top 50 addresses in BTC and ETH’s top holder profit rankings are in the bear camp. The two leading addresses by profit and short position size are **“Ultimate Bear”** and **“Hyperliquid’s Largest ZEC Short”**, each with over $10 million in unrealized gains. ### Key Short Positions: - **Ultimate Bear (BTC short):** ~$62.19M position size, average entry price $115,000, liquidation price $97,000, unrealized gain $18.17M. - **Hyperliquid’s Largest ZEC Short (ETH short):** ~$92.54M position size, average entry price $3,377, liquidation price $4,163, unrealized gain $14.20M. Bulls are nearly all in losses, with **“BTC OG Insider Whale”** (the top holder across BTC/ETH) posting a total unrealized loss of nearly $52 million. The second-largest long addresses are “pension-usdt.eth” and “CZ’s Counterparty.” ### Key Long Positions: - **BTC OG Insider Whale:** - ETH: ~$559M position, average entry $3,167, liquidation $2,077, unrealized loss $45.70M. - BTC: ~$86.31M position, average entry $91,500, unrealized loss $5.31M. - **pension-usdt.eth:** ~$86.30M position, average entry $86,000, liquidation $46,900, unrealized loss $30,000. - **CZ’s Counterparty:** ~$167M position, average entry $3,190, liquidation $2,646, unrealized loss $14.84M.