whales

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $2.808 billion, with long positions of $1.304 billion, accounting for 46.43% of the holdings, and short positions of $1.504 billion, accounting for 53.57%. The profit and loss for long positions is -$113 million, while for short positions it is $244 million.Among them, the whale address 0xa5b0..41 has taken a 15x full position long on ETH at a price of $2239.8, currently showing an unrealized profit and loss of -$6.4801 million.

According to HyperInsight monitoring, the whale (0x5d2f4) has canceled a limit buy order for BTC at the price level of $59,138 on Hyperliquid.This whale entered a short position of 499.91 BTC with 20x leverage at a Bitcoin price of $111,499.3. Currently, the BTC short position has been reduced to 68.33 BTC, still yielding a profit of $3.184 million, while also having collected $10.0056 million from funding rate settlements.

Santiment's post analysis indicates that Bitcoin has recently experienced a sharp decline, with prices dipping to $60,001 for the first time since 2024. The driving factors behind this may be related to the retreat of major players and the absorption by retail investors.Current market data shows that the holdings of "whales" and "sharks" (medium to large holders) who own between 10 and 100,000 BTC have dropped to 68.04%, marking a new low in nine months. In just the past eight days, this group has sold off as much as 81,068 BTC. Meanwhile, the share of retail wallets holding less than 0.01 BTC has risen to 0.249%, reaching a new high in 20 months. This continued buying by small wallets reflects retail investors' refusal to give up and their eagerness to "buy the dip."This combination of "large holders selling and retail investors buying" has historically been a typical characteristic of bear market cycles. As long as retail investors do not show clear signs of "complete capitulation," institutions and large holders will continue to be willing to sell their positions and will not be in a hurry to buy back until the public has completely lost confidence in cryptocurrencies and exits the market.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.351 billion, with long positions at $1.603 billion, accounting for 47.83% of the total, and short positions at $1.748 billion, accounting for 52.17%. The profit and loss for long positions is -$208 million, while for short positions it is $368 million.Among them, the whale address 0x94d3..14 has a 15x leveraged long position on ETH at a price of $2263.45, currently showing an unrealized profit and loss of -$10.8076 million.

Scimitar Capital co-founder zlex posted on platform X that in the past week, two ETH whales holding substantial assets have closed most of their leveraged positions. This move has caused ETH to drop over 20%, dragging BTC down to the support level of the last cycle's historical high.The decline began when "10·11 insider whale" Garrett's 200,000 ETH perpetual long position was forcibly liquidated over the weekend, bringing the price close to the liquidation line of Trend Research's leveraged position on Aave. Currently, Trend Research has repaid hundreds of millions in positions, while Garrett has additionally sold approximately $300 million worth of ETH in spot. Trend Research's liquidation price has dropped to around $1,600, which is about 24% away from the current price. Once Ethereum rebounds, this vicious cycle will come to an end. The market should realize this soon, and strong technical support makes this the right time for Ethereum and the entire cryptocurrency market to bottom out. We hold a direct long position in Ethereum.

According to monitoring by Hyperinsight, the BTC main long address starting with 0x4b6 has continuously faced liquidations in the past two hours, with a total amount reaching 11.46 million USD, among which the largest single liquidation amount was 3.08 million USD, making it the second largest single liquidation scale on the entire network in the past 6 hours.Since opening a long position with a principal of 1.7 million USD on January 19, the address has been continuously "holding the position," and its account funds have now fallen below 100,000 USD. Currently, the 40x leveraged BTC long position has been liquidated by 158 BTC (approximately 11.22 million USD), leaving a remaining position size of only 3.98 million USD, with an unrealized loss of 490,000 USD, resulting in a loss rate of -492%, and it is only 0.54% away from the next liquidation price (70,574 USD). The 25x leveraged ETH long position it holds has also nearly gone to zero in this round of liquidation, with an unrealized loss previously reaching -1134%, equivalent to more than 11 times the principal of the position.

According to Onchain Lens monitoring, as the market declines, a whale address holding a 25x leveraged ETH short position has realized a profit of 17.05 million dollars and earned 6.83 million dollars from the funding rate, with an entry price of 3116 dollars.

According to on-chain analyst @ai_9684xtpa, a certain whale/institution sold 41,800 ETH to avoid liquidation. They sold a total of $94,140,000 worth of ETH through Hyperunit across 10 addresses in the past 8 hours, and subsequently deposited it into Aave to repay loans.Since the market drop on January 31, they have cumulatively sold 58,117 ETH (approximately $131 million) and currently still have 38,465.3 ETH staked on-chain and have borrowed 40.06 million USDC.

According to on-chain analysis platform Lookonchain (@lookonchain), in the past few hours, several "whale" investors have concentrated their purchases of over 16 million dollars in tokenized gold:Address 0x2788 withdrew 1,500 XAUT (approximately 7.58 million dollars) from OKX.Address 0x4E3c withdrew 931.33 PAXG (approximately 4.75 million dollars) from Binance.Address 0xDea3 purchased 732.8 PAXG (approximately 3.74 million dollars).

According to Onchain Lens monitoring, as GOLD breaks through $5000 again, whales continue to buy gold-backed tokens.A certain whale (0xf562...c1d3) spent 8.09 million USDC to buy 1636.77 XAUT at a price of $4943. Another whale (0xa923...611e) spent $6 million worth of WBTC and stETH to buy 564.27 PAXG and 631.56 XAUT at a price of $5020.A certain whale (0x09e8...e96f) spent 4.85 million USDT to buy 977 XAUT at a price of $4961.

According to Onchain Lens monitoring, HyperLiquid is witnessing a whale battle between longs and shorts. The whale "0x8d0" deposited 3 million USDC and opened a BTC long position with 20x leverage, despite having previously lost over 11 million dollars. The whale "0x218" deposited 5.2 million USDC and opened a BTC short position with 14x leverage, having previously made a profit of 10 million dollars.

According to HyperInsight monitoring, a whale (0x5d2f4) has set new limit buy orders for BTC. The current order book shows that it will buy 100 BTC when the price drops to $64,967, and 200 BTC when the price drops to $59,138.This whale entered a short position of 499.91 BTC with 20x leverage at a Bitcoin price of $111,499.3. Currently, the BTC short position has been reduced to 109.91 BTC, still yielding a profit of $3.686 million, while it has already collected $10.0011 million from funding rate settlements.

According to HyperInsight monitoring, due to the continuous decline in BTC prices this morning, several large on-chain positions have been liquidated, while some whales have chosen to buy the dip or short the market.Today, there are 9 whales with positions exceeding 1 million dollars, shorting BTC with high leverage at liquidation prices between 77,000 and 80,000 dollars. As the market rebounds, they are currently all in a floating loss state. Among them, the address 0xbb8... has already closed its position to stop loss before this report. Additionally, 5 whales have positions that are currently very close to the liquidation line, with liquidation prices around 78,000 dollars, corresponding to the addresses: (0xb56) (0x7a8) (0xb86) (0x801) (0x93a).The address closest to liquidation (0x7a8) has already experienced a round of liquidation at the time of this report, with its next liquidation price at 77,800 dollars, and its current position size has decreased to about 960,000 dollars. The address with a larger position size (0xb56) has a position size of about 4 million dollars, with a liquidation price at 78,000 dollars, currently showing a floating loss of -140%.

According to Onchain Lens monitoring, a whale address marked as "0xfe1" purchased 840.25 XAUT for approximately 4.06 million USDT in the past 24 hours.After this operation, the address holds a total of 3,404 XAUT, with a cumulative purchase cost of about 17.05 million USD, a current market value of approximately 16.05 million USD, and an unrealized loss of about 1 million USD.

Hyperbot data shows that the whale "pension-usdt.eth" has opened a 3x leveraged long position in Ethereum again, currently holding 30,000 ETH, with an unrealized profit of over 1.2 million USD, and a liquidation price of approximately 1261 USD.

According to on-chain analyst Yu Jin's monitoring, a whale that held a massive long position for nearly two months was completely liquidated at 2:43 AM today when ETH dropped to $2.2k. This whale lost all of the 230 million USDC it transferred to Hyperliquid to open positions at the beginning of December due to this long position liquidation.The whale also holds assets worth $4.8 billion (901,000 ETH + 33,000 BTC).

According to HyperInsight monitoring, the whale (0x5d2f4) has continued to reduce its BTC short position today, currently shorting 389.91 BTC with 20x leverage, and is now realizing a floating profit of 10.72 million USD.This whale entered the market shorting 499.91 BTC with 20x leverage at a Bitcoin price of 111,499.3 USD, and has currently received 9.9967 million USD from funding rate settlements.

Binance co-CEO He Yi responded on social media to comments from OKX CEO and Wintermute founder regarding the crypto flash crash on October 11: "The whales trading on Binance are more aware of what happened when the tide recedes and have more authority on the facts. PS: I found out this morning that it wasn't a sunny day, it must be because of Binance."Previously, OKX CEO Star stated: "The crypto flash crash on October 11 was caused by Binance's irresponsible USDe financial activities." Wintermute founder remarked: "The crypto flash crash on October 11 was clearly not a 'software failure'; it is unreasonable to place all the blame on one exchange."

According to on-chain analysts, a certain whale previously bought 3,000 expiring call options for BTC with a strike price of $100,000, paying a total premium of $2.86 million. Another whale bought 1,300 expiring call options for BTC with a strike price of $100,000, as well as 2,400 expiring call options for BTC with a strike price of $98,000, totaling a premium payment of $10.22 million.This afternoon at four o'clock marks the first monthly expiration date after the annual settlement. If these two large holders do not close their positions early, they will incur a loss of $8.2 million in premiums.