Hyperliquid Short Squeeze Underway: BTC Long Whale Cools Off by Nearly 50%, ETH Short Interest Doubles Longs

December 26th — Per HyperInsight monitoring, whale long positions on BTC and ETH have seen a sharp reduction on Hyperliquid recently. Currently, BTC whale long/short strength is evenly matched, with ~122 long positions vs. ~116 short positions. For ETH, short positions are twice the number of longs: ~58 longs vs. ~113 shorts. Compared to October 14th data, BTC whale long positions have dropped nearly 50% in roughly two months (from 234 to current levels). BTC short positions at that time were ~125, with relatively limited change. Key whale details from monitoring: - Largest BTC short whale (address 0x50b): Avg entry ~$88,200, liquidation ~$94,100, position size ~$76.44M. - Largest ETH short whale (dubbed the "20 Million Range Hunter"): Avg entry ~$3,129, liquidation ~$3,796, position size ~$70.23M.