Hyperliquid whales turn less bearish as liquidations drop over 50%
Top whales on Hyperliquid have shifted from very bearish to only slightly bearish as crypto liquidations plunged during market consolidation. CoinGlass data shows wallets sized $1M–$50M+ now hold roughly $2.14B in longs vs. $2.43B in shorts, narrowing the bearish gap. Smaller wallets (300k+ addresses) remain strongly bullish. Total crypto liquidations fell about 57% to $208M, indicating reduced speculative pressure. Notable on-chain moves include a Hyperliquid whale (address “1011short”) increasing an ETH long to ~67,104 ETH (~$210M), sitting on about $4M unrealized profit with a liquidation price near $2,069. Strategy, a major Bitcoin treasury firm, bought 10,624 BTC on Dec 8 and its CEO pledged not to sell until 2065 — a purchase that, together with waning whale bearishness, has eased market pessimism. Traders are now awaiting macro catalysts (notably the US CPI report) that could reignite volatility. Key takeaways for traders: reduced liquidations often mean lower immediate forced selling and narrower price swings, whale position shifts can increase volatility in small-cap altcoins, and large institutional buys (Strategy’s BTC purchase) provide supportive demand. Primary keywords: Hyperliquid, whales, liquidations, Strategy, BTC, ETH, CPI.
Bullish
The net effect is mildly bullish. A >50% drop in crypto liquidations (to ~$208M) reduces forced selling and short-term downside risk, which supports price floors. Whale positioning on Hyperliquid has shifted from very bearish to only slightly bearish, narrowing the imbalance between longs ($2.14B) and shorts ($2.43B). Large institutional buying — Strategy’s 10,624 BTC purchase and its long-term hold pledge — provides meaningful demand and sentiment support. However, the market remains sensitive to macro catalysts (US CPI) and smaller-wallet bullishness could amplify rallies in altcoins. Historically, similar drops in liquidation events have preceded calmer consolidation and set the stage for directional moves once a macro trigger arrives. For traders: short-term volatility is likely lower, but position yourself for event-driven breakouts; watch whale rebalancing and liquidation levels for spikes in volatility, especially in small caps.