According to @ThinkingUSD, traders managing the PURR DAT should act promptly to maintain a negative funding rate on HYPE. The latest earnings report indicates a cash reserve of $150 million, which could support strategic moves. Additionally, selling covered calls is suggested as a potential income-generating strategy, though caution is advised to avoid a fund overly reliant on cash holdings.

According to @OnchainLens, a crypto whale has deposited $1.36 million worth of USDC into HyperLiquid and initiated a long position on the HYPE token with 1x leverage. This significant movement highlights increased whale activity and confidence in the HYPE token, potentially signaling trading opportunities. Investors should closely monitor HyperLiquid's trading dynamics for further developments.

According to @OnchainLens, a cryptocurrency whale transitioned back to spot trading after incurring a $3.47M loss. The investor spent $3.69M USDC to acquire 115,435 HYPE tokens at a price of $32 each, signaling a significant shift in strategy and confidence in HYPE's potential.

According to @OnchainLens, a whale identified as '0x96d' has spent $4 million USDC to purchase 145,741 HYPE tokens at $27.45 each within the past 24 hours. The whale is currently seeing a floating profit exceeding $500,000, highlighting significant market activity around HYPE.

According to Onchain Lens, a whale or institution has purchased 215,056 $HYPE tokens worth $6.06 million through Galaxy Digital's OTC trading desk. The wallet now holds a total of 540,337 $HYPE tokens valued at $14.86 million, accumulated over the last 18 days. This significant accumulation highlights growing interest in $HYPE, potentially influencing its trading momentum.

According to @lookonchain, a prominent $HYPE trader identified as 0x082e has faced a $17.47M unrealized loss on his $35.9M long position involving 1.38M $HYPE tokens. To prevent liquidation, he recently deposited an additional $2.4M in USDC on Hyperliquid, adjusting the liquidation price to $23.91. This development underscores the risks associated with highly leveraged cryptocurrency trading.

According to Onchain Lens, a cryptocurrency whale has deposited $1.2 million USDC into HyperLiquid to prevent liquidation on a leveraged 5x long position in $HYPE. The position is currently facing a substantial unrealized loss of $16.7 million and incurring $1.6 million in funding costs.

According to @OnchainDataNerd, a trader has been actively closing and managing their long positions on $HYPE over the past three days. Currently, the trader holds a 5x long position worth approximately $41M with an unrealized profit of $4.15M, indicating significant market confidence in the asset.

According to Santiment, Hyperliquid's HYPE token has experienced a 23% drop in market cap following the HIP-4 integration announcement. This decline raises questions about whether the token has fallen victim to a 'buy the rumor, sell the news' trend or broader crypto market pressures. Traders should monitor market sentiment and the potential for further fluctuations in HYPE's performance.

According to Altcoin Daily, significant developments are expected for major cryptocurrencies including Ethereum (ETH), Solana (SOL), Bitcoin (BTC), and HYPE. These updates could have a notable impact on trading dynamics and market sentiment, urging traders to stay informed about potential shifts in the crypto landscape.

According to Lookonchain, trader Machi (@machibigbrother) was liquidated six additional times and then deposited 250K USDC to Hyperliquid to continue long positions in ETH and HYPE (source: Lookonchain). Lookonchain linked the trader’s entity page on Arkham Intelligence for wallet tracking and verification of on-chain activity (source: Lookonchain). This pattern indicates ongoing leveraged long exposure on Hyperliquid’s ETH and HYPE perpetuals, increasing vulnerability to further deleveraging if adverse price moves persist (source: Lookonchain). Traders can monitor liquidation levels, funding, and open interest on Hyperliquid’s ETH and HYPE perps to gauge squeeze or cascade risk tied to this wallet’s activity (source: Lookonchain).

According to @ai_9684xtpa, wallet 0x8d0...59244 accumulated about 7 million USD worth of HYPE within 12 hours at an average cost near 34.9 and is currently showing an unrealized loss around 272,000 based on the cited Hyperbot tracker. According to the same source, HYPE has retraced about 11.4 percent from a short term peak near 37.87 to roughly 33.54, and the activity is framed by the source as a rebound bet, with a reference link to Hyperbot for ongoing flow verification.

According to @OnchainDataNerd, a significant whale recently closed short positions on HYPE and XMR. Despite incurring a loss on shorting HYPE, the trader managed to offset 65% of the loss through funding fees. This activity could signal shifting sentiment or market positioning in these assets, offering potential trading insights.

According to @OnchainLens, Arthur Hayes transferred 3.63M ENA and 332,226 PENDLE to Galaxy and Binance, purchased 96,116 HYPE over the last two days, and now holds 161,271 HYPE, with activity linked to wallet 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21. Based on @OnchainLens data, the exchange-bound ENA and PENDLE are positioned on venues where they can be traded, while the HYPE buys indicate active accumulation by this address. According to @OnchainLens tracking, traders should watch exchange inflows, order book depth, and subsequent transactions from this wallet for potential volatility in ENA, PENDLE, and HYPE.

According to @lookonchain, Machi deposited 249,950 USDC to continue long exposure in $ETH and $HYPE. The address now holds 1,000 ETH (about $2.13M) and 26,000 HYPE (about $904K) with liquidation prices at $1,933.21 for ETH and $26.93 for HYPE. Source: @lookonchain; Hyperdash. @lookonchain also reports the trader has been liquidated 262 times, underscoring persistent high leverage risk. Source: @lookonchain. For traders, these liquidation thresholds mark key risk levels where forced unwinds would occur if reached. Source: @lookonchain.

According to @lookonchain, Arthur Hayes sold PENDLE (PENDLE), ENA (ENA), and LDO (LDO) and rotated into HYPE (HYPE). According to @lookonchain, he bought 57,881 HYPE over the past 24 hours for about $1.91M and now holds 131,807 HYPE worth about $4.33M, citing Hypurrscan wallet data. According to @lookonchain, he also deposited 327,869 PENDLE (about $502K) and 3.6M ENA (about $499K) to FalconX, indicating a continued reduction in those positions per the source’s on-chain tracking.

According to @secondswap_io, HYPE (HYPE) has rallied roughly 50 percent from January lows despite unlock pressure and broader weakness, with price action stable into the event (source: @secondswap_io). According to @Tokenomist_ai, the scheduled unlock is $288M, equal to 2.79 percent of circulating supply on Feb 6, 2026 (source: @Tokenomist_ai). According to @secondswap_io, stability appears supported by positive HIP 3 launch news and a sharp usage pickup, showing emissions can be absorbed when protocol revenue, trading volume, and open interest reflect strong demand (source: @secondswap_io). According to @secondswap_io, without such catalysts large unlocks during volatility typically pressure prices, so traders can monitor HIP 3 execution, protocol revenue, and open interest to gauge post-unlock supply absorption (source: @secondswap_io).

According to @lookonchain, trader Machi (@machibigbrother) was partially liquidated again, bringing his total liquidations to 252, reinforcing his King of Liquidations reputation (source: @lookonchain on X). According to @lookonchain, after a near wipeout he reloaded about 250K USDC and resumed max leverage long positions in ETH and HYPE (source: @lookonchain on X). According to @lookonchain, these max leverage longs concentrate risk and heighten sensitivity to volatility and potential liquidation cascades in ETH and HYPE exposure (source: @lookonchain on X). According to @lookonchain, the trading activity can be tracked via legacy.hyperdash.com/trader/0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872 for ongoing position and liquidation signals (source: @lookonchain on X).

According to @OnchainLens, Machi (@machibigbrother) was partially liquidated again on leveraged long positions in ETH at 25x and HYPE at 10x. According to @OnchainLens, the positions remain open and are showing an unrealized loss of over $26.23M. According to @OnchainLens, the wallet and position activity are referenced via hyperbot.network.

According to @ai_9684xtpa, an on-chain whale address (0x9D26...01BfF) accumulated over $31.62 million of HYPE around ~$33 and capitulated near ~$30 at the recent low, realizing a loss; this positioning and exit are verified via the referenced HyperBot wallet page. The source adds that if the position had been held until today, the potential profit would have exceeded $4.23 million, highlighting the challenge of timing mean reversion moves. Based on the same source data, traders should monitor potential supply near the whale’s cost basis around $33, track whale flows and on-chain liquidity, and use disciplined risk management on any rallies.