hyperliquid

According to Coinglass data, the current whale holdings on the Hyperliquid platform are $3.998 billion, with long positions of $2.018 billion, accounting for 50.46% of the holdings, and short positions of $1.981 billion, accounting for 49.54% of the holdings. The profit and loss for long positions is -$240 million, and for short positions, it is $206 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $32.7711 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.926 billion, with long positions of $1.964 billion, accounting for 50.02% of the holdings, and short positions of $1.962 billion, accounting for 49.98%. The profit and loss for long positions is -$254 million, while the profit and loss for short positions is $227 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $30.7935 million.

According to on-chain analyst Yu Jin (@EmberCN), ETH has been continuously declining recently, and the largest long position on Hyperliquid, which opened 120,000 ETH (approximately $271 million) at an average price of $2,261, has seen its unrealized loss expand to $73.66 million.To mitigate liquidation risk, this address recently added $26 million in margin, lowering the liquidation price range from the previous $1,617 to $1,355 down to $1,300 to $1,400. However, the current ETH price has dropped to $1,870, which is only about $470 away from the recent liquidation line, and the pressure from stop-loss and position reduction continues to intensify.

According to Onchain Lens monitoring, Huang Licheng (@machibigbrother) has deposited 250,000 USDC into HyperLiquid again to increase his 25x ETH long position, which has been frequently liquidated. His total losses have exceeded 34.5 million dollars, with cumulative losses exceeding 78.35 million dollars since September 2025.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.193 billion, with long positions totaling $2.09 billion, accounting for 49.84% of the holdings, and short positions totaling $2.103 billion, accounting for 50.16% of the holdings. The profit and loss for long positions is -$180 million, while the profit and loss for short positions is $134 million.Among them, the whale address 0x082e..88 has taken a 5x full position long on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $37.2769 million.

According to Coinglass data, the total liquidation across the network in the past 24 hours has risen to $1.787 billion, with long liquidations at $1.517 billion and short liquidations at $269 million.In the last 24 hours, a total of 296,488 people have been liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $16.1984 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.214 billion, with long positions of $2.085 billion, accounting for 49.47% of the total holdings, and short positions of $2.129 billion, accounting for 50.53%. The profit and loss for long positions is -$139 million, while the profit and loss for short positions is $88.6937 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $40.0743 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.259 billion, with long positions of $2.109 billion, accounting for 49.52% of the total holdings, and short positions of $2.15 billion, accounting for 50.48%. The profit and loss for long positions is -$125 million, while the profit and loss for short positions is $77.739 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $42.1637 million.

According to Ember Monitoring, as ETH fell below $1800, the largest ETH long position holder on Hyperliquid, who established a long position of 120,000 ETH at an average price of $2261, has seen their unrealized losses expand to approximately $58 million. To avoid liquidation, they have supplemented their margin with 11 million USDC over the past day, reducing the liquidation price from $1617 to $1506.

According to The Block, the price of Hyperliquid's HYPE token surpassed Solana on Wednesday, which has fallen to its lowest level since 2023. HYPE reached an all-time high of $74.67 on Tuesday and is currently trading at $74.47, higher than Solana's $71.62. Over the past month, HYPE has risen about 24%, making it one of the few assets among the top 20 cryptocurrencies to increase, while Solana has dropped nearly 14% during the same period.In terms of market capitalization, Solana still leads with about $42 billion compared to Hyperliquid's approximately $16 billion, but the gap is rapidly narrowing. CoinShares released a valuation report on Tuesday stating that HYPE is one of the few crypto assets where protocol activity almost directly translates into token demand, with a target price of about $147 by 2031 under the baseline scenario.

According to CoinDesk, Grayscale has launched the Grayscale Hyperliquid Staking ETF on Nasdaq, with the ticker HYPG, and a management fee of 0.29%, lower than the Hyperliquid equivalent funds from 21Shares and Bitwise.HYPG aims to provide exposure to the HYPE token and generate additional income through staking. Grayscale states that the historical staking rewards for HYPE are approximately an annualized 2.2%.

FalconX stated that Hyperliquid's trading volume has exceeded Ethereum on certain trading days, and institutional funds are shifting from Bitcoin and Ethereum to HYPE tokens, primarily due to the weak performance of mainstream assets affected by ETF outflows and macroeconomic uncertainties.

According to CoinDesk, FalconX stated that on certain trading days, its trading volume on the decentralized derivatives platform Hyperliquid has surpassed that of Ethereum. Institutions and hedge funds are shifting from the range-bound Bitcoin and Ethereum to more volatile assets such as HYPE, Zcash, Venice, and AI concept tokens.FalconX pointed out that amid macro uncertainty and the outflow of funds from spot ETFs, the implied volatility of BTC and ETH is close to historical lows, and funds are seeking higher volatility targets. Hyperliquid attracts institutional funds looking to trade diverse assets in a 24/7 crypto-native environment by offering perpetual contracts for pre-IPO companies like SpaceX, tokenized stocks, commodities, and prediction markets. The platform's revenue is projected to be around $800 million in 2025.

Hyperliquid stated on platform X that the unrealized contracts of Hyperliquid's real-world assets (RWA) reached a historic high of 3 billion dollars. Since its launch in October 2025, the unrealized contract volume of HIP-3 has set new records every month.

According to on-chain analyst Yu Jin's monitoring, institutions continue to buy and stake HYPE, driving HYPE to set a new all-time high this morning, reaching a maximum of $75.8.According to on-chain data monitoring, in the past 10 hours, at least 1.136 million HYPE (approximately $82.42 million) have been withdrawn from trading platforms and deposited for staking by ETFs and institutions such as Bitwise Hyperliquid ETF, a16z, and Galaxy Digital. Among them, Bitwise Hyperliquid ETF (BHYP) withdrew 336,000 HYPE (approximately $24.43 million) from Coinbase and deposited it for staking;a16z withdrew 300,000 HYPE (approximately $21.58 million) from trading platforms such as Kraken and OKX and deposited it for staking; a certain address 0x279...BA8 withdrew 191,000 HYPE (approximately $13.80 million) from Coinbase Prime; a certain address 0x9C4...6FC withdrew 160,000 HYPE (approximately $11.71 million) from Coinbase and deposited it for staking; Galaxy Digital deposited 147,000 HYPE (approximately $10.90 million) for staking.

Grayscale submitted its S-1 amendment for the Hyperliquid Staking ETF, proposing to set the fund management fee at 0.29%, with the code HYPG. This rate is lower than similar products already launched by Bitwise and 21Shares. Among them, Bitwise's BHYP has a first-month fee rate of 0%, followed by 0.34%; 21Shares' THYP fee is 0.3%. Bloomberg ETF analyst James Seyffart stated that Grayscale's fund is expected to launch as soon as this week. If successfully launched, HYPG will become the third Hyperliquid-related ETF.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.923 billion, with long positions of $2.427 billion, accounting for 49.31% of the total holdings, and short positions of $2.495 billion, accounting for 50.69%. The profit and loss for long positions is $35.514 million, while the profit and loss for short positions is -$85.312 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently with an unrealized profit and loss of $48.7258 million.