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Tracked Hyperliquid Whales Reach Bitcoin Short High Since October 2025
The accounts have shifted to a net short position. A separate cross-asset snapshot put Hyperliquid whale shorts at about $4.126 billion.

Bitcoin short exposure among tracked Hyperliquid whale accounts has reached its highest level since October 2025, leaving those large traders net short on the decentralized perpetual futures exchange.
A separate Nov. 7 snapshot of Hyperliquid whale positions across assets put total short exposure at about $4.126 billion. That cross-asset figure provides broader context; Bitcoin short exposure among tracked whales reached its highest level since October 2025.
A short position gains value when an asset’s price falls and loses value when it rises. Closing a short requires buying the asset back.