Hyperliquid News Today: Crypto Faces Widespread Challenges as Short Sellers Profit and Long Positions Suffer Amid Market Volatility

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Bitget-RWA2025/11/24 09:40

By:Bitget-RWA

- HYPE whale 0x082 faces $10M unrealized loss after 126% price drop, raising pre-announcement trading suspicions. - Abraxas Capital liquidates $620K in HYPE shorts while BitMine reports $3.7B ETH unrealized loss amid compressed crypto premiums. - Hyperliquid's 0x5D2F nets $51M BTC short profits as 53.2% of platform positions favor bearish bets. - Robinhood's $1.27B Q3 revenue surge contrasts with $1.5B insider share sales and tokenized stock expansion into Europe. - Market fragility persists with declining

An alleged insider whale associated with the HYPE token is currently facing an enormous unrealized loss of $10 million as the token’s value continues to drop,

as reported by HyperInsight surveillance

. The whale, whose address is 0x082, holds a long position in HYPE worth $40.7 million at an average entry price of $39, now sitting at a 126% loss. This position was established just a few hours before Robinhood disclosed HYPE spot trading on October 23,

sparking rumors of early access to market information

. At the same time, HYPE’s largest short seller, Abraxas Capital, has been rapidly closing its position,

offloading 20,000 tokens (valued at $620,000)

within two hours, demonstrating strong bearish sentiment.

Hyperliquid News Today: Crypto Faces Widespread Challenges as Short Sellers Profit and Long Positions Suffer Amid Market Volatility image 0

The ongoing HYPE

narrative

reflects the wider

cryptocurrency

market’s vulnerability,

with BitMine Immersion Technologies disclosing an unrealized loss of $3.7 billion

on its 3.56 million

Ethereum

assets, as the coin’s price remains under $2,800—far below their average purchase price of $4,051. The company’s adjusted net asset value (mNAV) of 0.75 highlights its difficulties in raising funds through equity sales,

a frequent issue among crypto treasury managers

as market premiums shrink. This pattern is not unique to BitMine: companies such as Strategy and Sharplink Gaming are also seeing their mNAVs fall,

indicating broader market stress

Conversely, bearish traders are prospering on platforms like Hyperliquid.

A whale known as 0x5D2F has earned $51 million

Bitcoin

shorting profits over the past six months, holding a $113 million short position with $24 million still unrealized. This trader has also accumulated $9.2 million in funding fees, showcasing the gains possible from leveraged bearish trades in turbulent markets.

Data reveals that short positions make up the majority of Hyperliquid’s $5.29 billion

in open interest, with 53.2% allocated to bearish trades.

The cautious sentiment in crypto is further highlighted by falling open interest,

a Santiment indicator that points to lower leveraged activity

as prices decline. Meanwhile, Bitcoin’s whale ratio—which tracks large holder activity—remains at 0.37,

indicating steady but moderate on-chain participation

even as prices have dropped recently.

Robinhood’s

third-quarter financials showed a $1.27 billion jump in revenue

, fueled by a 115% year-over-year rise in platform assets to $343 billion. However, there has been significant insider selling, with executives selling more than $1.5 billion in shares through October

based on financial reports

. The company’s tokenized stock project, now available in Europe,

seeks to connect traditional finance with DeFi

by offering round-the-clock trading and cross-platform asset use.

The ongoing battle between bullish and bearish players—seen in HYPE’s struggling whales and Bitcoin’s successful short sellers—underscores the crypto market’s delicate equilibrium. As

BlackRock’s low-fee Ethereum ETF

and increased regulatory attention reshape the industry, both companies and investors are being put to the test.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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