Onchain Lens reports a dormant Hyperliquid trader opened 40x BTC and 25x ETH shorts worth $96.33 million and booked $2.75 million unrealized profit in four hours.

Onchain Lens reports Wintermute holds an $81.36 million Hyperliquid book that is 85.5% short, including $22.61 million in ETH shorts at 15x leverage and strong lifetime PnL of $177.46 million.

Bitcoin surges past $85,000 while ETH tops $2,750; $16.13M ETH short and $10.16M BTC short liquidated on Hyperliquid.

Wintermute deposits millions to Binance and lifts short exposure from $146.19M to $190.77M, led by $53.02M ETH shorts amid $2454.84 price action.

Lookonchain reports gambler 0x004e opened $81.6M shorts on 500 BTC at $72,755.85 liq and 20,000 ETH at $2,327.03 liq amid BTC short positions buildup.

Whale @ICanPlug closed $96.74M BTC and ETH shorts for $1.87M profit at 74,159 BTC and 2,027 ETH amid current $74,056.92 price action.

pension-usdt.eth down $15.86M on 1K BTC ($78.88M) and 20K ETH ($47.61M) shorts, profits drop from $33.28M to $14.73M amid bullish BTC price action.

According to @OnchainLens, a whale deposited $4,000,000 USDC into HyperLiquid and increased shorts on ETH at 15x leverage and ZEC at 5x leverage; source: Onchain Lens on X Dec 26 2025 and HyperBot trader page https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. The wallet holds 8 open positions valued at approximately $148.8 million; source: Onchain Lens on X Dec 26 2025. Unrealized profit reportedly exceeds $17 million, with cumulative gains over $38 million; source: Onchain Lens on X Dec 26 2025.

According to @OnchainLens, a single whale deposited and sold 255 BTC on HyperLiquid for USD 21.77 million in USDC, source: @OnchainLens. Later, the same wallet opened BTC and ETH short positions on HyperLiquid with 10x leverage totaling USD 77.4 million in notional value, source: @OnchainLens. The open shorts consist of 876.27 BTC valued around USD 76 million and 372.78 ETH valued around USD 1 million, source: @OnchainLens; CoinMarketMan HyperTracker.

According to @lookonchain, Hyperliquid trader 0x152e is on a 9-trade winning streak. source: @lookonchain Total realized profits for 0x152e on Hyperliquid exceed 14M, as referenced by the linked trader dashboard. source: @lookonchain; source: Hyperliquid trader dashboard legacy.hyperdash.com/trader/0x152e41f0b83e6cad4b5dc730c1d6279b7d67c9dc The account is currently short BTC and ETH with more than 1M in unrealized gains. source: @lookonchain; source: Hyperliquid trader dashboard legacy.hyperdash.com/trader/0x152e41f0b83e6cad4b5dc730c1d6279b7d67c9dc Traders can monitor real-time position and PnL updates for 0x152e on the Hyperliquid dashboard to track changes in BTC and ETH exposure. source: Hyperliquid trader dashboard legacy.hyperdash.com/trader/0x152e41f0b83e6cad4b5dc730c1d6279b7d67c9dc

According to Santiment, BTC briefly spiked to about $90,087 on Coinbase before retracing to roughly $86,580 at the time of the post (source: Santiment, X post, Dec 17, 2025). According to Santiment, rising positive BTC funding rates across exchanges indicate heavier leveraged long positioning, a setup that has historically preceded sharp liquidations, volatility spikes, and local tops or pullbacks (source: Santiment, X post; Santiment dashboard app.santiment.net/s/iUiEzzfd?utm_source=x&utm_medium=post&utm_campaign=x_btc_eth_total_aggregated_funding_rates_b_121725/&fpr=twitter). According to Santiment, ETH currently shows shorts outweighing longs, signaling weaker bullish conviction and comparatively lower immediate squeeze risk versus BTC (source: Santiment, X post; Santiment dashboard). According to Santiment, because crypto assets broadly track BTC, a cleaner path back toward $100K for BTC and an altcoin rebound requires BTC funding rates to normalize to neutral or turn negative (source: Santiment, X post). According to Santiment, traders can track aggregated BTC and ETH funding rates in real time via its dashboard to gauge leverage and liquidation risk (source: Santiment dashboard app.santiment.net/s/iUiEzzfd?utm_source=x&utm_medium=post&utm_campaign=x_btc_eth_total_aggregated_funding_rates_b_121725/&fpr=twitter).