[Hyperliquid Daily Observation · October 10] The headline of “whales leaning bearish” — one-sixth is the same wallet
The data with the biggest moves yesterday: Hyperliquid whale short positions totaled $4.58 billion, long positions totaled $3.96 billion, which looks like whales are shorting.
But there are three things worth noting in the on-chain data:
1️⃣ About one-sixth of the short positions come from the same wallet. 0x5b5d…c060 has 18 positions, all short, totaling $791 million. The overall unrealized loss is $43.8 million, account equity is $157.6 million, and the liquidation price is far away (ETH around 3,868, BTC around 137,000). It has historically made about $230 million in cumulative profits, so this is a well-capitalized hedging account, not a group of whales all turning bearish together.
2️⃣ The positions that were liquidated yesterday were shorts. Total liquidations for the day were $39.9 million, with shorts accounting for $26.2 million; BTC shorts alone were liquidated for $23.1 million. Among large orders of at least $100,000, BTC had net buying of $34.1 million, ETH had net buying of $6.7 million, and HYPE had net selling of $4.3 million.
3️⃣ The wallet to watch today: 0x020c…5872 is long 12,000 ETH with 25x leverage, liquidation price 2,454, only about 1.6% away from the current price. This week it closed a long for a $1.56 million loss on the 7th, then lost another $5.4 million on the 8th, reopening each time, and added another $7.9 million yesterday.
📍 ETH liquidation distribution is heavily one-sided: within 5% below the current price there is $76 million in long liquidations, while within 5% above there is only $278,000 in short liquidations.
Key levels: ETH: 2,450~2,460 / 2,370~2,380 BTC: below 80,000 / 78,000, above 84,500~85,000 / 91,500~92,000 HYPE: 76.00~76.50 ($118 million, a long opened at 38.68 with $62.7 million in unrealized profit)
Full version (with wallet links and real-time liquidation map): cryptoanimon.com/w/daily/2026-10-10.html
#Hyperliquid #BTC #ETH #HYPE #whales
The data with the biggest moves yesterday: Hyperliquid whale short positions totaled $4.58 billion, long positions totaled $3.96 billion, which looks like whales are shorting.
But there are three things worth noting in the on-chain data:
1️⃣ About one-sixth of the short positions come from the same wallet. 0x5b5d…c060 has 18 positions, all short, totaling $791 million. The overall unrealized loss is $43.8 million, account equity is $157.6 million, and the liquidation price is far away (ETH around 3,868, BTC around 137,000). It has historically made about $230 million in cumulative profits, so this is a well-capitalized hedging account, not a group of whales all turning bearish together.
2️⃣ The positions that were liquidated yesterday were shorts. Total liquidations for the day were $39.9 million, with shorts accounting for $26.2 million; BTC shorts alone were liquidated for $23.1 million. Among large orders of at least $100,000, BTC had net buying of $34.1 million, ETH had net buying of $6.7 million, and HYPE had net selling of $4.3 million.
3️⃣ The wallet to watch today: 0x020c…5872 is long 12,000 ETH with 25x leverage, liquidation price 2,454, only about 1.6% away from the current price. This week it closed a long for a $1.56 million loss on the 7th, then lost another $5.4 million on the 8th, reopening each time, and added another $7.9 million yesterday.
📍 ETH liquidation distribution is heavily one-sided: within 5% below the current price there is $76 million in long liquidations, while within 5% above there is only $278,000 in short liquidations.
Key levels: ETH: 2,450~2,460 / 2,370~2,380 BTC: below 80,000 / 78,000, above 84,500~85,000 / 91,500~92,000 HYPE: 76.00~76.50 ($118 million, a long opened at 38.68 with $62.7 million in unrealized profit)
Full version (with wallet links and real-time liquidation map): cryptoanimon.com/w/daily/2026-10-10.html
#Hyperliquid #BTC #ETH #HYPE #whales