Hyperliquid whales’ net Bitcoin selling estimated at $345 million to $470 million
Key Facts
A report by Crypto Briefing, cited by TradingView News on November 9, estimated Hyperliquid whales’ net bias toward selling Bitcoin at between $345 million and $470 million, depending on the snapshot used. The estimate concerns the asset’s positions on the platform, not total short positions across multiple assets. In the same snapshot, long positions ranged from $454 million to $483 million. The report said the net-selling range varies with the timing of the snapshot. This provides a numerical measure of the tracked group’s net exposure, without establishing the stance of all Bitcoin traders or the motives of position holders.
According to the report, whale positions on Hyperliquid shifted to net selling on October 27, 2026, and have added to that trend since then. The report gives this date as the turning point to net selling, ahead of the snapshot published on November 9. The subsequent snapshot shows estimates for long and short positions in dollar ranges, rather than a single fixed value. The open report offered no evidence that these positions reflect bearish sentiment or hedging, or that their holders are institutions. The news therefore concerns the exposure of the group of whales on the platform, without drawing a single conclusion about the reason behind it or generalizing it to the market.
Among the individual positions cited in the report, the largest short position was estimated at about $178.5 million, with an entry price of about $76,390 per bitcoin. The report also cited two other positions valued at $155 million and $101.8 million. It also pointed to several additional short positions, each worth more than $60 million. Open interest in Hyperliquid’s Bitcoin perpetual contracts was estimated at about $3.13 billion at the time of the report. These figures provide context on the size of the specified positions and the platform’s open interest, without making them by themselves a measure of the direction of the entire market.
In the trading market, Bitcoin closed at $76,816 on November 2, then at $74,851.44 on November 8, according to EL7 data. In late Sunday trading on November 8, the cryptocurrency fell more than 2% to $73,708, its lowest level since August, according to a Reuters report cited by Investing.com. Bitcoin and Ether touched their lowest levels in more than two months as investors worried that regulation of the sector could tighten under a U.S. Congress controlled by Democrats. Ether fell about 5% to $2,223, its lowest level since August. The Reuters report cited market turbulence in previous sessions following a $6 billion theft from Binance and the election of prominent cryptocurrency critics in the U.S. midterm elections the previous week; the report does not establish a causal link between these developments and whale positions on Hyperliquid.