According to @bubblemaps (Dec 1, 2025), a trader who last month opened a $735M position against BTC has now borrowed $220M and transferred the funds to Binance, with the source asking “Round two coming?” (Source: @bubblemaps on X).

According to @OnchainDataNerd, a trader opened an approximately $18.8M short position on ETH at an average entry near $2,991 about 7 hours ago, source: @OnchainDataNerd. The trader closed the position roughly 1 hour later with a realized profit of about $909,000, source: @OnchainDataNerd. The same address shows total realized profits of roughly $10.23M on Hyperliquid, source: @OnchainDataNerd and legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902. Based on the reported notional and profit, the implied return on this trade is about 4.8% and corresponds to an approximate $145 move from the $2,991 entry if fully closed, source: @OnchainDataNerd.

According to @ai_9684xtpa, on-chain address 0xfc7...d7e77 opened a BTC short at $91,150 and currently holds 205 BTC with a notional size of about $17.92 million and an average entry of $91,104.8, source: @ai_9684xtpa on X; hyperbot.network/trader/0xfc783912f9a70a537d9ef23fb230d2c4d32d7e77. The position showed an unrealized profit of roughly $748,000 about four hours after entry, source: @ai_9684xtpa on X; hyperbot.network/trader/0xfc783912f9a70a537d9ef23fb230d2c4d32d7e77. Since Nov 21, this trader reportedly executed six trades, all on the short side, with a current win rate of 100%, source: @ai_9684xtpa on X; hyperbot.network/trader/0xfc783912f9a70a537d9ef23fb230d2c4d32d7e77. These on-chain flows highlight active short-side positioning around the $91k zone by this address, which traders can track via the provided dashboard, source: @ai_9684xtpa on X; hyperbot.network/trader/0xfc783912f9a70a537d9ef23fb230d2c4d32d7e77.

According to @lookonchain, on-chain trader pension-usdt.eth opened a 2x short totaling 6,358 ETH, about $18M, roughly an hour before the market dropped, and the position is now showing about $1M in unrealized profit, source: @lookonchain and legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902. The implied average move since entry is approximately $157 per ETH based on $1M profit over 6,358 ETH, highlighting notable intraday downside volatility in ETH during the last hour, source: @lookonchain. Real-time wallet and PnL tracking for this position are available on the Hyperdash trader page shared in the post for ongoing monitoring, source: legacy.hyperdash.com/trader/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902 via @lookonchain.

According to @ai_9684xtpa, MON rose 33% over the past 24 hours, source: X post https://twitter.com/ai_9684xtpa/status/1993584142530035935. Hyperliquid’s top $MON short at address 0xd475…51a91 holds 1.81 million MON valued at $7.67 million with an average entry of $0.03566, resulting in a $1.23 million unrealized loss, source: @ai_9684xtpa and hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. The same address also maintains a $33.23 million short on $ZEC with a $6.08 million unrealized loss, source: @ai_9684xtpa and hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. Across 13 token positions, the address remains net unrealized profit of $2.08 million, source: @ai_9684xtpa and hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. These data confirm large short exposure on MON and ZEC on Hyperliquid with current mark-to-market losses for the trader, source: @ai_9684xtpa and hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91.

According to @OnchainLens, a whale deposited $2M USDC into HyperLiquid to increase its $HYPE short using 10x leverage, source: @OnchainLens. The short position is currently valued at $2.9M with 84,388 HYPE, source: @OnchainLens. An open order is placed to add to the short at $34.6–$35, with verification at hyperbot.network/trader/0x38e95a122c9023cd6b3fe3d5f821da20c1b20064, source: @OnchainLens.

According to @ai_9684xtpa, the whale has executed four consecutive BTC short trades since March 2025 and just reduced 50 BTC in the past hour for $1.175M realized profit; source: @ai_9684xtpa on X, Nov 25, 2025; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. The position still holds 1,181.98 BTC in open shorts with $28.17M in unrealized gains; source: @ai_9684xtpa on X; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. Cumulative funding fees collected exceed $9.33M, and total 2025 account profit is above $56.34M; source: @ai_9684xtpa on X; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7. The whale placed 1,300 BTC take-profit limit orders between 67,244 and 67,844, marking a defined execution zone; source: @ai_9684xtpa on X; data reference: hyperbot.network/trader/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7.

According to @lookonchain, Hyperliquid address 0x35d1, identified as the largest SOL short on the platform, has begun shorting ETH and continues to add SOL and ETH shorts using maximum leverage. Source: x.com/lookonchain/status/1991377591459291265 Current disclosed positions are 441,393 SOL valued at $63.55M and 335.58 ETH valued at $1.02M, with the address and positions visible at hypurrscan.io/address/0x35d1151ef1aab579cbb3109e69fa82f94ff5acb1. Sources: x.com/lookonchain/status/1991377591459291265; hypurrscan.io/address/0x35d1151ef1aab579cbb3109e69fa82f94ff5acb1

According to @OnchainDataNerd, wallet 0x7b7 opened a 10x short on ZEC worth about $19.46M notional with an average entry near $666.83 roughly seven hours ago, source: @OnchainDataNerd on X. The trader currently shows about $1.67M in unrealized profit on the position, source: @OnchainDataNerd on X. This profit implies an estimated 8.6 percent move from the entry and a position size near 29.2k ZEC based on the shared notional and entry price, source: calculations from figures posted by @OnchainDataNerd on X. The on-chain reference provided is hypurrscan.io/address/0x7b7b908c076b9784487180de92e7161c2982734e for address 0x7b7, source: hypurrscan.io as cited by @OnchainDataNerd on X. For traders, the whale’s entry near 666.83 and the implied mark near 610 are immediate reference levels for ZEC perps liquidity and risk management, source: levels derived from figures shared by @OnchainDataNerd on X.

According to @OnchainLens, a brief price pump liquidated over $3 million across multiple short positions and forced the closure of the remaining shorts, based on their monitoring update on X dated Nov 18, 2025 (source: Onchain Lens on X). According to @OnchainLens, the same trader later opened 10x ZEC short positions across three wallets totaling $48.47 million notional with $3.36 million in unrealized profit, with activity visible at hyperbot.network/trader/0x7B7b908c076B9784487180dE92E7161c2982734E, hyperbot.network/trader/0x26cc5b2b5c15b679cc042914bfa9194cf7851e43, and hyperbot.network/trader/0xc07240cce22959af4df80b45ae77ba8b20b363c3 (source: Onchain Lens on X; HyperBot dashboards).

According to @OnchainLens, trader James (@JamesWynnReal) reopened a BTC short at 40x leverage and was fully liquidated, losing over $100,000 on the position, source: x.com/OnchainLens/status/1988060770115174811; hyperbot.network/trader/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6. @OnchainLens also reports the address’s cumulative PnL drawdown now exceeds $22,000,000 despite a prior winning trade before reopening the short, source: x.com/OnchainLens/status/1988060770115174811; hyperbot.network/trader/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6. Traders can track this address and similar high-leverage activity in real time via the hyperbot.network dashboard for actionable monitoring of liquidation events, source: hyperbot.network/trader/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6.

According to @EmberCN, whale address 0x7b7 deposited 7,000,000 USDC into Hyperliquid three days ago to short BTC and, after multiple stop-losses, now shows a $560,000 balance, per @EmberCN with on-chain tracker hyperbot.network/trader/0x7b7b908c076b9784487180de92e7161c2982734e. The realized loss totals $6.44 million as reported by @EmberCN, source: @EmberCN. The BTC short peaked at 2,222 BTC (about $226 million) and now stands at 300 BTC (about $31.87 million), per @EmberCN with the same tracker hyperbot.network/trader/0x7b7b908c076b9784487180de92e7161c2982734e. The address continues to hold a 300 BTC short on Hyperliquid, indicating ongoing bearish exposure on that venue, per @EmberCN with reference to hyperbot.network/trader/0x7b7b908c076b9784487180de92e7161c2982734e.

According to @ai_9684xtpa, ZEC on Hyperliquid printed a high above $750 while the platform’s largest ZEC short was not liquidated. source: X post by @ai_9684xtpa The trader added 4,000,000 USDC around 7 hours ago, bringing total margin additions over the past 24 hours to $36.814 million. source: X post by @ai_9684xtpa; Hyperbot trader dashboard referenced in the post The position currently stands at a $34.09 million ZEC short with an unrealized loss of $18.04 million, which peaked above $20 million. source: X post by @ai_9684xtpa; Hyperbot trader dashboard referenced in the post The reported entry price is $305.9127 with a liquidation price at $1,312.58, placing liquidation roughly 75% above the cited $750 high based on these figures. source: X post by @ai_9684xtpa; calculation based on figures cited in the post

According to @lookonchain, wallet 0xc2a3 reopened a ZEC (Zcash) short after closing a prior ZEC short at a loss, taking a 2,062 ZEC position valued at about $1.47 million, source: Lookonchain on X. The reported liquidation price for the new short is $741.53, source: Lookonchain on X. Lookonchain also reports the trader previously had a 14-win streak and that cumulative losses have now exceeded $30.6 million, source: Lookonchain on X.

According to @ai_9684xtpa, ZEC surged from 60 USD to 600 USD in about 1.5 months and is now a Top 5 token by open interest on Hyperliquid and a Top 10 token on Binance, source: https://twitter.com/ai_9684xtpa/status/1986752105227686006. The address 0xd47587702a91731Dc1089B5DB0932cF820151A91 holds the largest ZEC short on Hyperliquid and since yesterday added 24,848,000 USDC in margin to avoid liquidation, source: https://twitter.com/ai_9684xtpa/status/1986752105227686006; source: https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. This ZEC position is 50,370.45 ZEC, valued around 30.77 million USD, with an entry price of 293.03 USD and an unrealized loss of 15.976 million USD, source: https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91. The trader also holds 19 other positions including ETH, HYPE, and SNX, with total portfolio value at 74.53 million USD, source: https://twitter.com/ai_9684xtpa/status/1986752105227686006; source: https://hyperbot.network/trader/0xd47587702a91731Dc1089B5DB0932cF820151A91.

According to @lookonchain, trader address 0xc2a3, known for a past 14-win streak but ultimately losing over $30M, has opened a 10x short on 4,400 ZEC with a position value of $2.73M and a liquidation price of $727.45. According to @lookonchain, the trade direction is a short, indicating a leveraged bearish bet on ZEC by this address. According to @lookonchain, a Hyperdash tracker link was provided for the address to verify the position details, and the post was published on Nov 7, 2025.

According to Ai 姨 (@ai_9684xtpa) on X, the trader who previously ran a 25x long on ETH after the 10/11 flash crash has reversed to a short, giving back a peak profit of $8.38M, per the same source. According to Ai 姨 (@ai_9684xtpa), eight hours before the X post the address closed the remaining 19,383.25 ETH long in batches with a total realized loss of $6.646M, as reported in the post. According to Ai 姨 (@ai_9684xtpa) and the HyperBot trader dashboard for address 0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365, the trader then opened a 25x short totaling 18,802.51 ETH (~$61.45M) with about $1.3M unrealized profit at the time of reporting. According to the same sources, the overall account PnL remains down roughly $4.55M, and traders can monitor the position via the HyperBot trader page cited by Ai 姨.

According to Lookonchain, wallet 0xC385 deposited 3M USDC into HyperLiquid within the past 3 hours (source: Lookonchain; Hypurrscan address 0xC385D2cD1971ADfeD0E47813702765551cAe0372). According to Lookonchain, the same wallet opened a 2x short totaling 3,230 ZEC with reported notional of about 1.41M USD on HyperLiquid (source: Lookonchain).

According to @EmberCN, trader @JamesWynnReal who previously opened a $1.23B BTC long in late May has resumed rebate-funded activity by claiming 1,854 USDC and then opening a 0.95 BTC short at $116,026 (about $111k notional), with activity referenced on hyperbot.network/trader/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6. According to @EmberCN, the trader lost $108M in June (including $87M profits and $21.77M principal) and has since been placing small rebate-funded orders. The post is marked as sponsored by Bitget, according to @EmberCN. For traders tracking flow, this reflects a sharp reduction in position size versus the prior $1.23B exposure, according to @EmberCN.

According to @ai_9684xtpa, a tracked wallet has placed 29,713.8152 ETH in sell orders across $4,190–$5,555.5, positioning to scale out longs and potentially cap upside within this range. Source: x.com/ai_9684xtpa/status/1982251951892132119; hyperbot.network/trader/0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365. According to @ai_9684xtpa, the wallet currently holds a 15,689.44 ETH long and will progressively take profit between $4,190 and $4,914.9, then flip short once ETH breaks $4,914.9, a level described as near ETH’s ATH. Source: x.com/ai_9684xtpa/status/1982251951892132119; hyperbot.network/trader/0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365. According to @ai_9684xtpa, if price extends to $5,555.5, the wallet plans to increase the short up to 14,024.37 ETH, implying roughly $77.91 million notional at that level. Source: x.com/ai_9684xtpa/status/1982251951892132119; hyperbot.network/trader/0xb9feE4502dE61504E5e6E69faa74Df7f0Ed6d365.