Hyperliquid Long-Short Whale Battle Resumes: BTC Whales Turn Losses into Profits, Short Sellers Continue to Increase ETH Positions

【Blockchain Rhythm】 In the past week, there has been intense competition between long and short positions on the Hyperliquid platform. The actions of large position addresses reveal the true thoughts of market participants.

Let’s first look at the bullish side. An address known as “BTC OG Insider Whale” currently has an unrealized profit of $17 million, with its main holdings in ETH long positions, which have turned profitable from losses, with an unrealized profit of $11.95 million (a 9% increase on paper). The holding size is approximately $650 million, with an average price of $3,147. It also holds long positions in BTC and SOL, with a total account position of $815 million. Currently, this address ranks first among ETH, BTC, and SOL longs on the platform.

Another address, “CZ Opponent,” has a somewhat complex situation. Its total unrealized loss has narrowed to $12.43 million, with an ETH long position unrealized loss of about $2.46 million, holding $183 million at an average price of $3,190. Additionally, it holds an XRP long position worth about $83.7 million, with an unrealized loss of $5.45 million. This address is currently the largest XRP long and the second-largest ETH long on the platform.

On the short side, “ZEC Largest Short” continued to add to its ETH short position today, with a current holding of $147 million, an average price of $3,239, and an unrealized profit of $1.67 million. However, its ZEC short position unrealized loss is expanding, with a weekly loss of $15.08 million. The total short position is about $182 million, making it the largest short on ETH, ZEC, and MON on the platform.

The “Altcoin Short Army Leader” has shown the most significant changes over the past seven days. This address has continuously adjusted its positions, with its LIT short position reaching $11.2 million, at an average price of $2.70, with an unrealized loss of $350,000. Recently, it has been increasing its short positions in PEPE and XPL, with total holdings now reaching $41.38 million, an increase of nearly $20 million compared to seven days ago. This address is the largest LIT short on the platform.

It is worth noting the big move by “pension-usdt.eth” yesterday. This address transferred $30 million to Hyperliquid and then opened an ETH short position with 3x leverage. The current position size has reached $63.6 million, with an average price of $3,136, and a liquidation price set at $4,545.

From the actions of these addresses, it is clear that both longs and shorts are still engaged in ongoing battles. Bulls are seizing opportunities to turn losses into profits, while bears are increasing their positions on rallies. Market divergence remains evident.