Hyperliquid whales stack Bitcoin shorts to highest level since October 2025

Large accounts on the decentralized perpetuals exchange now hold nearly twice as much in Bitcoin shorts as in longs The biggest traders on Hyperliquid are betting against Bitcoin , and they are doing it with conviction. Whale accounts on the decentralized perpetual futures exchange have pushed their Bitcoin short positions to the highest level since October 2025. These are some of the largest leveraged accounts in on-chain trading, and right now most of their money is leaning one way. As of November 7, 2026, Hyperliquid whales hold between $892 million and $924 million in Bitcoin shorts. On the other side of the ledger, their longs total between $454 million and $483 million. That puts whale shorts at nearly double whale longs.

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