According to @ai_9684xtpa, three long positions now show over $21.67 million in unrealized profit with the total position value up to $819 million (source: @ai_9684xtpa on X). According to @ai_9684xtpa, ETH accounts for 80% of the book with $15.39 million in unrealized gains, while a $70.52 million SOL long holds $3.908 million in unrealized profit (source: @ai_9684xtpa on X). According to @ai_9684xtpa, the unrealized gains can already cover $4.612 million in cumulative funding fees, indicating positive carry on the current positioning (source: @ai_9684xtpa on X). Based on @ai_9684xtpa, the 80% ETH concentration makes ETH price action the primary PnL driver for this whale, while funding coverage reduces immediate funding pressure on holding the longs (source: @ai_9684xtpa on X).

According to @OnchainLens, a newly created wallet deposited $5M USDC into HyperLiquid and opened long positions in LINK at 5x leverage and DOGE at 10x leverage, as shown on the CoinMarketMan Hypertracker app.coinmarketman.com/hypertracker/wallet/0x10Ea105d5149383b73ebd8A214819f3b08c198B7. The combined position is valued at $28.2M with an unrealized loss of roughly $600K, per @OnchainLens and the CoinMarketMan Hypertracker. Based on these reported figures, the account is running an aggregate effective leverage of about 5.6x on ~$5M capital, concentrating long exposure in LINK and DOGE perps on HyperLiquid and elevating liquidation and funding sensitivity for that account, as derived from @OnchainLens and visible on CoinMarketMan Hypertracker.

According to @52kskew, BTC spot and perpetual futures are showing near 1:1 symmetry, with spot TWAP buying likely linked to long positioning in perps, source: @52kskew. Rolling VWAP indicates sustained bid depth and continuous buying since the yearly open, source: @52kskew. Supply areas are showing clear profit-taking and risk reduction against this flow, source: @52kskew. The majority of inflows since slightly before the yearly open have occurred via TWAPs as participants incrementally add BTC exposure, source: @52kskew. This flow context is highlighted as important for current price action and the developing market structure in January 2026, source: @52kskew.

According to @OnchainLens, James Wynn increased his $BTC long to 40x and continues to hold a 10x $PEPE long on HyperLiquid, as disclosed in an update on X on Jan 5, 2026 (source: Onchain Lens on X https://x.com/OnchainLens/status/2008047806540632173). The combined position value is approximately $14 million with more than $750,000 in unrealized profit, as reported by @OnchainLens and reflected on CoinMarketMan HyperTracker for wallet 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 (sources: Onchain Lens on X; CoinMarketMan HyperTracker https://app.coinmarketman.com/hypertracker/wallet/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6). The HyperBot trader profile for address 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 attributed to James Wynn shows active long positions in $BTC and $PEPE consistent with the update, offering real-time tracking for traders (source: HyperBot trader page https://hyperbot.network/trader/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6).

According to @lookonchain, trader 0x419f deposited $58.7K into Hyperliquid seven days ago and opened a 10x long on $PEPE as the token rallied, compounding by rolling profits into the position; source: Lookonchain on X, Jan 4, 2026. The position expanded to 221.96M kPEPE with a notional value of $1.52M at the time cited; source: Lookonchain on X, Jan 4, 2026. Account equity increased from $58.7K to $489.9K, equating to a 734% return over one week; source: Lookonchain on X, Jan 4, 2026. Position and account details can be reviewed via the referenced Hyperdash page: legacy.hyperdash.com/trader/0x419faf18c082ab1b0fce9ff447c38168a9f45593; source: Lookonchain on X, Jan 4, 2026.

According to @ai_9684xtpa, a well-known $PIPPIN short nicknamed Mystery Small K Line is still holding the position with unrealized losses exceeding $2.843M, excluding hourly funding fees that are estimated in the millions, source: x.com/ai_9684xtpa/status/2007721536766263388. On Jan 2, PIPPIN briefly dropped to $0.35 and rebounded to $0.4883 today, source: x.com/ai_9684xtpa/status/2007721536766263388. The short campaign reportedly started on Nov 22, 2024 and has run for 45 days, with funding mostly negative since Nov 30, source: x.com/ai_9684xtpa/status/2007721536766263388. The Binance derivatives live panel for this trader shows a cumulative loss of $4.945M and a one-month PnL curve trending down, source: binance.com/zh-CN/smart-money/profile/4736946588198249472?rankingType=PNL&timeRange=24h. Price action printed an intraday wick to $0.7661, source: x.com/ai_9684xtpa/status/2007721536766263388. The short reportedly holds about 14.6M tokens with an average entry of $0.2913, avoided liquidation due to sufficient margin, and posted a sudden loss increase of $6.068M between 15:00–19:00, source: x.com/ai_9684xtpa/status/2007721536766263388 and binance.com/zh-CN/smart-money/profile/4736946588198249472?rankingType=PNL&timeRange=24h. The trader stated on Binance Square that they will neither close nor add to the position, source: x.com/ai_9684xtpa/status/2007721536766263388. Key trading levels cited include $0.35 (recent low), $0.4883 (current rebound), and $0.7661 (wick high), source: x.com/ai_9684xtpa/status/2007721536766263388.

According to @ai_9684xtpa on X, citing the hyperbot.network trader dashboard, a whale dubbed 1011 flash-crash short insider has seen their 29-day long portfolio flip to an unrealized profit of about $0.434 million, driven mainly by SOL strength. According to the same source, current positions include ETH 203,340.64 at a $3,147.39 entry (unrealized loss $1.238 million, portfolio value ~$617 million), BTC 1,000 at $91,506.7 (unrealized loss $0.356 million, value ~$89.86 million), and SOL 511,000 at $130.1911 (unrealized profit $2.076 million, value ~$66.03 million). According to @ai_9684xtpa and hyperbot.network, cumulative funding fees paid total $4.328 million, implying roughly -$3.894 million net when offsetting the current $0.434 million floating profit (calculation based on the source figures). According to the same source earlier in the day, the account’s total exposure was about $775 million with ETH near 80% weight, as ETH reclaimed $3,000 and the aggregate floating loss narrowed to $22.82 million while funding fees reached $4.126 million. According to @ai_9684xtpa and hyperbot.network, trading takeaways are that SOL outperformance is currently offsetting ETH and BTC drawdowns, the ETH $3,000 level remains a key PnL driver for this concentrated long book, and high perpetual-futures funding costs are materially pressuring returns, as evidenced by the multi-million-dollar funding outlay.

According to @CryptoCoinCoach, BOME is attempting a reclaim after trading inside a descending channel, and maintaining price action above the recently identified support keeps the path open for upside continuation toward higher resistance, source: @CryptoCoinCoach on X; TradingView chart BOMEUSDT.P. A failure to hold that support would weaken the recovery attempt and invalidate the continuation thesis toward overhead resistance, source: @CryptoCoinCoach on X; TradingView chart BOMEUSDT.P.

According to @OnchainLens, a newly created wallet deposited 8 million USDC into HyperLiquid and began opening leveraged long positions on Jan 1, 2026; source: Onchain Lens on X Jan 1, 2026. Positions cited include XPL and PUMP at 10x leverage, MON at 5x, and VVV, STBL, STABLE, IP, HEMI, GRIFFAIN, MAVIA, AIXBT at 3x; source: Onchain Lens on X Jan 1, 2026; corroborated by CoinMarketMan HyperTracker wallet 0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE app.coinmarketman.com/hypertracker/wallet/0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE. The tracked wallet address is 0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE on HyperLiquid, where live positions are displayed; source: CoinMarketMan HyperTracker app.coinmarketman.com/hypertracker/wallet/0xEa6670EbdB4a388A8CFc16f6497Bf4f267B061EE.

According to @lookonchain, a hacker gained control of a market maker's Binance accounts and attempted to move stolen funds by buying $BROCCOLI (714) spot, going long perps on other accounts, and coordinating self-trades to pump price and transfer size, source: @lookonchain. The attacker selected $BROCCOLI (714) because of its low liquidity and shallow order book depth, which made the asset easier to manipulate, source: @lookonchain. Trader Vida had proactive alerts for a +30 percent move within 1,800 seconds and spot–perp price divergence, which immediately flagged abnormal activity, source: @lookonchain. Vida entered long positions early to ride the pump driven by the hacker’s aggressive spot buying and large visible bids, source: @lookonchain. Monitoring the spot order book, Vida closed longs and flipped short as soon as those large bids disappeared, which @lookonchain indicated Vida interpreted as potential Binance risk controls restricting the attacker, source: @lookonchain. The sequence produced approximately 1,000,000 dollars profit for Vida on January 1, 2026, illustrating disciplined execution using alerts and order-book signals, source: @lookonchain. Trading takeaway: low-liquidity tokens can be targeted for manipulation, and a combination of sudden spot–perp divergence with large bid withdrawal can signal reversal risk for perps traders on Binance, source: @lookonchain.

According to @OnchainLens, a newly created wallet deposited 2.5 million USDC into HyperLiquid. Source: @OnchainLens According to @OnchainLens, the same wallet opened a short position on LIT using 3x leverage. Source: @OnchainLens According to the source, the trader address is 0xA9ADD5Cf5aEE9d209E2E5281Cff9a66921945b97, viewable on Hyperbot: https://hyperbot.network/trader/0xA9ADD5Cf5aEE9d209E2E5281Cff9a66921945b97. Source: hyperbot.network According to the source, based on a 2.5 million USDC collateral and 3x leverage, the position could represent up to roughly 7.5 million USDC in notional exposure if fully utilized. Source: @OnchainLens

According to @phantom, three new perps markets SILVER, EUR, and JPY are live for trading with up to 50x leverage, allowing long or short positions; source: @phantom on X, Dec 30, 2025.

According to @phantom, its Perps product has reached $26B in cumulative trading volume, 85K traders, 6M positions opened (3.9M longs, 2.1M shorts), and $100M in cumulative net deposits, source: @phantom. The long-to-short position count ratio is approximately 1.86 (about 65% long by count), indicating a net long skew within this dataset, source: @phantom. Traders averaged roughly 70.6 positions each (6M positions over 85K traders), signaling high engagement on the venue, source: @phantom. Implied turnover is around 260x (volume to net deposits), with an estimated average volume per trader near $306K and about $4.3K per position, source: @phantom. These benchmarks help traders assess directional crowding and typical ticket sizes for execution planning on this perpetual futures venue, source: @phantom.

According to @ai_9684xtpa, address 0x540...3F802 is now the largest short on Hyperliquid LIT after depositing 4.35 million USDC of margin within the past two hours, source: @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. The address opened a 1x short totaling 1,110,677 LIT at a 2.74 USD average entry and is currently showing about 25,000 dollars unrealized loss, source: @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. Based on these reported figures, the position notional is approximately 3.043 million dollars which implies effective leverage below 1x given 4.35 million USDC posted as margin, source: calculation from figures reported by @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. The 2.74 USD average entry is the immediate breakeven level for this short, so price action above 2.74 increases the unrealized loss and price action below 2.74 reduces it, source: @ai_9684xtpa on X and HyperBot trader page for 0x540...3F802. Traders can monitor this address in real time on the HyperBot dashboard to track position size and PnL for potential impact on LIT perpetual order flow and liquidity, source: HyperBot trader page for 0x540...3F802.

According to @OnchainLens, two whales on HyperLiquid opened LIT short positions with 3x leverage after depositing 2,000,000 USDC and 1,500,000 USDC, respectively (source: Onchain Lens). Address 0x47e deposited 2,000,000 USDC and shorted LIT at 3x leverage, and address 0xd6b deposited 1,500,000 USDC and shorted LIT at 3x leverage, with trader pages at hyperbot.network/trader/0x47a761bb9e970ac93cb571c4614c4ca643714e4f and hyperbot.network/trader/0xd6BAb97182fc8F26B2C9102ab5D421C35C145bAd (source: Onchain Lens; hyperbot.network). Total deposits tied to these LIT shorts equal 3,500,000 USDC on HyperLiquid (source: Onchain Lens).

According to @dydxfoundation, Solana spot trading is now live on dYdX as of Dec 29, 2025. Source: dYdX Foundation on X, Dec 29, 2025. The platform now offers Spot and Perps in one interface, enabling more integrated trading strategies and global access, including for US users. Source: dYdX Foundation on X, Dec 29, 2025.

According to dYdX Foundation (Twitter, Dec 29, 2025), November–December 2025 ended in a risk-off backdrop where crypto trading volumes softened and liquidity thinned, yet dYdX still posted a step-up month, indicating improved platform activity versus the broader market, source: dYdX Foundation (Twitter, Dec 29, 2025). This highlights relative strength for DYDX-linked derivatives flow during a period of sector-wide volume contraction and thinner order books, source: dYdX Foundation (Twitter, Dec 29, 2025).

According to @dydxfoundation, the dYdX community approved extending the Loss Rebate Pilot Program for an additional month, confirming the continuation of the existing mechanism in the near term for active derivatives traders on the dYdX Chain. source: https://twitter.com/dydxfoundation/status/2005532189942034541 source: https://mintscan.io/dydx/proposals/333 The on-chain result is recorded as proposal 333, providing the official vote status and governance transaction history for verification. source: https://mintscan.io/dydx/proposals/333 For trading strategy, this extension indicates the loss rebate mechanism remains active for the next month, allowing traders to maintain current assumptions for execution and risk controls until any parameter updates specified in the proposal are reviewed. source: https://twitter.com/dydxfoundation/status/2005532189942034541 source: https://mintscan.io/dydx/proposals/333 Traders should check proposal 333 for effective dates, eligibility, and any operational details to align position sizing, cost modeling, and hedging on dYdX perpetuals. source: https://mintscan.io/dydx/proposals/333

According to @AveryChing, he traded a single account in the DecibelTrade onchain perpetuals testnet competition with conservative risk sizing and ended the week up about 15%—treating it like real money for execution discipline. Source: @AveryChing on X. He added that fully onchain perps felt real in practice and noted that more assets and features are being built on the platform. Source: @AveryChing on X. According to @DecibelTrade, the arena ran for seven days, drew 22,856 competitors, and gave all traders the same $10K starting balance, with top performers distinguished by consistency, timing, and discipline. Source: @DecibelTrade on X. These figures outline the testnet’s participation scale and performance criteria relevant to decentralized perpetuals trading. Source: @DecibelTrade on X.

According to @ai_9684xtpa, three addresses deposited 2.47 million USDC to Hyperliquid within the past 24 hours and built a combined $1.69 million in TST long positions, representing 42.3% of Hyperliquid’s TST open interest and holding the top three long positions; source: X post by @ai_9684xtpa on Dec 24, 2025, https://twitter.com/ai_9684xtpa/status/2003741475029627281. According to @ai_9684xtpa, the three addresses exhibit linked fund flows, including BTCB transferred out of Gate, re-routed via Aster, then withdrawn as USDT; margin originated from Gate or OKX in the last 24 hours before being deposited directly to Hyperliquid; and TST longs are currently their only Hyperliquid positions; source: X post by @ai_9684xtpa on Dec 24, 2025, https://twitter.com/ai_9684xtpa/status/2003741475029627281. According to @ai_9684xtpa, address 0x48c…bc9d0 previously profited about $31,000 from a TST long in early December, and the trader pages indicate the concentration of TST positioning; sources: X post by @ai_9684xtpa on Dec 24, 2025, https://twitter.com/ai_9684xtpa/status/2003741475029627281; trader pages https://hyperbot.network/trader/0x3D065c6ede49f68Bd0c7FF1aACac6DeC4E3520d0 https://hyperbot.network/trader/0xA58D8192d27640cc994D774Af6e15cbc209e244E https://hyperbot.network/trader/0x48c614e16700d716d82377Ad0b30B993Da8bc9d0.