Hyperliquid Wafuls Hold $3.3B for Shorts Amid Market Rally
Data wey CoinGlass show, Hyperliquid whales—dem addresses wey get over $50 million for decentralized exchange—don build short positions worth $3.3 billion, pass double their $1.34 billion for longs, even though global crypto market cap don rise by 1.4% to $3.72 trillion. For 120,000 active addresses, 165 whales don make profit pass $1 million with small bearish stance, while 81 “very bearish” wallets dey loss. Fear and greed index drop reach 52 as spot BTC and ETH ETFs dey flow out. Even though bull signs like Bitcoin accumulation still dey, the bearish position wey Hyperliquid whales hold fit mean say short-term correction fit happen, even as market sentiment still dey neutral.
Bearish
Di heavy short position wey Hyperliquid whales get—holding $3.3 billion against $1.34 billion for long dem—show say big bearish bets dey despite sey market don gain recently. For history, concentrated whale shorts dey usually show say market go decline for short time, like early 2022 wen big bearish stance for derivatives platforms cause quick corrections. With fear and greed index neutral for 52 plus ongoing outflows from BTC and ETH ETFs, these big hedges fit increase selling pressure, stop further upside. But steady Bitcoin accumulation from other whales show say long term bullish move fit still dey. Overall, this strong short bias suggest say traders fit face more volatility and downside risk soon, so this news na bearish for crypto markets.