Just discovered a major signal: two big whales are having a "fantastic fight" on Hyperliquid, one is madly shorting, and the other is decisively closing positions! 📈

On-chain data shows that a high-win-rate whale (0x0ddf...a902) has just closed a short position worth $59,523,000 in $ETH. This big player has historically made over 10 million dollars, and every move he makes is worth watching. Closing such a large short position means either taking profits or sensing a reversal signal.

【Interestingly, on the other side】

The super market maker (0xecb6...2b00) is crazily increasing its short position in $ETH, skyrocketing from $15,417,020 by 117% to $33,482,701! At the same time, it reduced its short position in $BTC by 32%, almost completely clearing out its long position in $SOL (reduced by 75%). What signal does this operation reveal?

My interpretation: The market maker may believe that $ETH will weaken relative to $BTC, which is why it reduced its short position in $BTC and instead heavily bet on $ETH shorts. The high-win-rate whale's closing might be a technical profit-taking, as $ETH has already adjusted significantly from its peak.

【The movements of the HLP Vault are also interesting】

HLP Vault (0x0104...703a) is shorting DYDX (+67%) and UMA (+32%), while going long on DOGE (+52%). Such directional operations in altcoins usually indicate that funds are looking for new opportunities.

From the data of Hyperliquid, a fully on-chain verifiable decentralized exchange, large funds are reconfiguring their positions. In the short term, $ETH may face more selling pressure, while the short pressure on $BTC is easing.

【Risk Reminder】

Whale games are intense, and retail investors should be cautious when following. These big players have vast amounts of capital and a much higher tolerance for error than we do. It is advisable to observe the changes in capital flow within the $HYPE ecosystem before making decisions.

Who do you think will win this round of whale games? Will $ETH continue to decline?

(Hyperliquid referral code: HYPETO888, on-chain data is completely transparent and verifiable)

NFA, please assess the risks yourself.

$BTC $ETH $SOL $HYPE

#Hyperliquid #OnChainData #Whales #crypto

$SOL $HYPE $