Top 9 Hyperliquid Whales Hit $48.64M Combined Loss on July 27 as ETH Shorts, BTC Longs Collapse

According to Hyperinsight monitoring, on July 27, nine major addresses on Hyperliquid recorded combined unrealized losses of $48.64 million, despite holding aggregate positions valued at approximately $1.29 billion. Individual address holdings ranged from $97.84 million to $314 million, with all nine currently underwater.

ETH short positions drove the largest losses, with six addresses holding combined short exposure of 222,000 ETH worth $456 million and generating $36.21 million in unrealized losses. The "BTC OG insider" whale, with $99.35 million in positions, suffered the largest individual loss of $15.54 million from a 5x long BTC position established at an average price of $76,117.30.