Hyperliquid whale shorts Bitcoin, with the short position approaching 1 billion USD

According to on-chain data, the whale group on the on-chain perpetual contract trading platform Hyperliquid is aggressively shorting Bitcoin, with the shorting intensity reaching the highest point since October 2025. Currently, the BTC short positions held by whale accounts range from 892 million to 924 million dollars, while long positions are between 454 million and 483 million dollars.

Among them, the largest single short position is valued at approximately 178.5 million dollars, with an average entry price of about 76,400 dollars, while the current Bitcoin price is around 75,800 dollars. These whale accounts have continued to increase their positions since turning into a net short state on October 27.