According to @lookonchain, whale address 0x54d7 shorted $XPL with 2x leverage and $WLFI with 3x leverage and is down more than $1.4M; the stated liquidation prices are $2.2866 for $XPL and $1.1172 for $WLFI, per the same disclosure (source: Lookonchain on X, Aug 27, 2025).

According to @lookonchain, a whale created new wallet 0x54D7 and deposited 5.42M USDC into Hyperliquid to initiate short positions in ETH, WLFI, and XPL. The wallet is currently short 10,641 ETH (~$51.2M), 396,711 WLFI (~$116.8K), and 53,793 XPL (~$29.3K), source: @lookonchain. The largest notional exposure is the ETH short at $51.2M, indicating the position concentration is in ETH, source: @lookonchain.

According to @lookonchain, two accounts attributed to Abraxas Capital are short ETH, BTC, SOL, HYPE, and SUI with total unrealized losses exceeding 190 million USD, citing tracker pages hyperdash.info/trader/0x5b5d5… and hyperdash.info/trader/0xB83DE… on Aug 10, 2025. According to @lookonchain, the ETH short totals 113,819 ETH with about 483 million USD notional and more than 144 million USD in unrealized loss. According to @lookonchain, these active positions can be monitored in real time via the provided hyperdash.info trader pages for exposure and PnL updates. According to @lookonchain, the post did not disclose liquidation thresholds or entry prices.

According to glassnode, the BTC funding rate has flipped negative, indicating a shift in trader sentiment with increased short positions building across major cryptocurrencies, including BNB and ADA. Notably, Solana now ranks as the 6th lowest funding rate among tracked assets on Glassnode Studio, signaling heightened short activity and potential downward price pressure. These developments are critical for traders monitoring perpetual swaps and funding rates, as negative rates often precede volatility or potential reversals. Source: glassnode (May 28, 2025).