Hyperliquid Whales: $4.6B, Dem Get Confidence for BTC/ETH & No Too Sure for Alts
Hyperliquid whales don hold $4.6 billion for open crypto derivative position as of July 30, wit $3 billion dey long (66%) and $1.57 billion dey short (34%). The long-to-short ratio for the top whales for Hyperliquid drop from 76% on July 27, but short dem show better profit efficiency—79% compare to 53.5% for long. Among the 125 biggest wallets, the ones wey get high volume dey more bearish, while the smaller whale accounts still dey bullish. Dem whales concentrate $1.2 billion long BTC and strong ETH positions, wit average liquidation distances of 14% for long and 48.3% for short, wey show say na hedging strategy dem dey use. Dem also dey long TON and AAVE, but dem sharply increase short for altcoins and memecoins like DOGE, BONK, PEPE, MOODENG, SYRUP, S, JUP, SUI and BNB. Top traders get different tactics: the oga whale balance long and short wit heavy meme-coin shorts; one 3.6× leveraged long-term bull dey focus on BTC, ETH and SOL; and one short-term trader get 78% shorts for positions under 2 hours. The overall pattern show say na 'long majors, short alts' dey, make crypto traders dey hedge their major asset longs wit targeted altcoin shorts.
Bullish
Di data show say Hyperliquid whales don increase their leveraged long positions on Bitcoin plus Ethereum well well, e mean say dem get strong bullish mind about these top assets. Dem dey short altcoins and memecoins to balance risk for market generally. For short term, as whales dey put more BTC and ETH long positions, e fit push price up as big traders dey arrange their exposure. For medium to long term, steady capital flow into blue-chip tokens talk say bullish sentiment dey for BTC and ETH even as altcoins still dey volatile. Overall, whale activity na sign say major cryptocurrencies go rise.