Hyperliquid whales ramp up long positions to new 2026 record, signaling strong bullish sentiment in crypto perps amid Bitcoin rally.

According to @ai_9684xtpa, BTC rallied to 98,000 and fell back to 91,000 in consecutive weeks, underscoring high volatility for leveraged trades, source: @ai_9684xtpa. According to @ai_9684xtpa, Hyperliquid’s top BTC short address 0x94d…33814 holds $448M total exposure with $4.32M unrealized profit, short 1,545 BTC, 70,015 ETH, and 490,662 SOL, source: @ai_9684xtpa; hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814. According to @ai_9684xtpa, address 0xd83…18fd7 is BTC short Top 2 and ETH short Top 3 with $248M total exposure and $3.92M unrealized profit, short 1,640 BTC and 31,093 ETH, source: @ai_9684xtpa; hyperbot.network/trader/0xd83516572789f1c782c8298efce58a5600318fd7. According to @ai_9684xtpa, the account labeled “1011” is BTC long Top 3 and ETH long Top 1 with $855M total exposure and $9.2M unrealized loss, long 1,000 BTC and 223,340 ETH, source: @ai_9684xtpa; hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. According to @ai_9684xtpa, pension-usdt.eth is BTC long Top 2 with $91.06M total exposure and $4.54M unrealized loss, long 1,000 BTC, source: @ai_9684xtpa; hyperbot.network/trader/0x0Ddf9bAe2aF4B874B96D287a5aD42Eb47138A902. According to @ai_9684xtpa, the trader “麻吉老哥” holds $34.36M total exposure with $1.22M unrealized loss, long 11,000 ETH, source: @ai_9684xtpa; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. According to @ai_9684xtpa, across these highlighted non-market-maker Hyperliquid accounts, total reported exposure sums to approximately $1.68B, providing a snapshot of concentrated BTC short interest alongside sizable ETH longs, source: @ai_9684xtpa.

According to @EmberCN, wallet 0x94d...814 transferred 255 BTC (about $21.77M) to Hyperliquid 22 days ago and sold at $85,378, source: @EmberCN; Hyperdash trader page legacy.hyperdash.com/zh-CN/trader/0x94d3735543ecb3d339064151118644501c933814. The address executed 69 trades over the past 22 days with a 62% win rate for $9.9M profit, source: @EmberCN; Hyperdash trader page legacy.hyperdash.com/zh-CN/trader/0x94d3735543ecb3d339064151118644501c933814. In the last two days, the whale built about $310M in long exposure with roughly $1.4M unrealized loss: 1,699 BTC at $90,801; 33,000 ETH at $3,099; 336,000 SOL at $138.6; and 3.777M XRP at $2.13, source: @EmberCN; Hyperdash trader page legacy.hyperdash.com/zh-CN/trader/0x94d3735543ecb3d339064151118644501c933814. A second whale reportedly holds $788M of longs, and together their $1.1B long exposure equals about one-third of all longs on Hyperliquid, source: @EmberCN. The two whales target similar assets with comparable entry prices, highlighting concentrated long positioning on Hyperliquid, source: @EmberCN.

According to @glassnode, whales on Hyperliquid turned net-long as price fell from $90K into the low-$80K range, marking the longest sustained long positioning in months (source: @glassnode, Nov 26, 2025). According to @glassnode, that positioning has since unwound, with exposure rotating to modestly net-short, indicating shallow conviction among large traders on the venue (source: @glassnode). According to @glassnode, the shift from prolonged net-long to modest net-short signals fading whale support on Hyperliquid and a weaker near-term conviction profile for dip-buying flows (source: @glassnode).