Two Hyperliquid Wallets Hold $1.06 Billion in Short Positions

Two wallets among Hyperliquid’s top monthly profit accounts held $1.06 billion in combined short exposure at 11:40 p.m. ET Sunday (04:40 UTC Monday), with the larger account still adding to a token position.

Wallet 0x5b5d…c060 held $617.5 million in shorts across 22 positions, with about $131.2 million in account equity. Its largest positions were a $224.5 million Ether (ETH) short and a $182.1 million Bitcoin (BTC) short.

A second wallet, 0xb83d…6e36, held $439.4 million across 30 positions and about $105.1 million in equity. Together, the two books totaled $1.0569 billion.

The larger wallet added about $700,000 to its short on Hyperliquid (HYPE), the platform’s token, between 11:08 and 11:40 p.m. ET Sunday (04:08–04:40 UTC Monday). That position showed an $8.34 million unrealized loss at the snapshot.

The reported books covered crypto, metals and meme tokens, so the combined total extended beyond crypto alone. The larger wallet also held gold and silver shorts. A short position generally gains value if the asset’s price falls.