Whales Also "Double-Killed" by Market, Hyperliquid's Top Nine Addresses Lose $48.64 Million Combined

TechFlow reports, on July 27, according to Hyperinsight monitoring, the top 9 whale addresses ranked on Hyperliquid currently hold positions approaching or exceeding $100 million each, with single address position sizes ranging between $97.84 million and $314 million, totaling a notional value of approximately $1.285 billion.

Calculated by the current net unrealized PnL of each address, all 9 addresses have fallen into unrealized losses, with combined losses of approximately $48.635 million. Among them, the unrealized losses of the two whales with the largest losses have both exceeded $10 million.

TOP 1 loss is "BTC OG Insider Whale". Its current holdings are approximately $99.35 million, with an overall unrealized loss of $15.538 million, among which the 5x long BTC position value is approximately $82.906 million, with an average entry price of $76,117.3, and a single position unrealized loss of $13.636 million; its ZEC short position additionally incurs an unrealized loss of approximately $1.901 million.

Among common sources of losses, ETH short positions are the most concentrated. A total of 6 out of the top addresses are shorting ETH, totaling approximately 222,000 tokens, with position value of approximately $456 million, and current unrealized losses reaching $36.208 million.

Among them, "pension-usdt.eth" holds only one 50,000 ETH short position, with current unrealized loss of $13.417 million, liquidation price at $2,182.1, approximately 10.9% higher than the current price; "BobbyBigSize"'s 44,200 ETH short position has an unrealized loss of $6.665 million, and the address overall still has a net loss of $5.317 million.

"Abraxas Capital" main and sub-addresses combined shorted approximately 94,900 ETH, with related position unrealized losses of $9.893 million, but HYPE, SOL and FARTCOIN short position profits offset most of the losses, with net unrealized loss of approximately $3.872 million.

The remaining top addresses similarly failed to escape unscathed: the whale starting with 0xf822 faces pressure on both ETH and BTC short positions simultaneously; the whale starting with 0x3200 mainly incurred losses on US stock long positions such as GOOGL, MRVL, and others; Wintermute market maker address has a net unrealized loss of $2.463 million.

This round of collective whale losses did not stem from bets in the same direction. The rise in ETH concentratedly squeezed top short sellers, BTC OG became the biggest loser due to high-position BTC longs, while some BTC shorts and US stock longs are also in a loss state. With both long and short strategies failing simultaneously, none of the 9 near-$100 million level addresses have temporarily achieved book profits.