Over $10 billion in leveraged Bitcoin shorts stack up near $83K, raising squeeze risk

Whales on Hyperliquid are leaning bearish at the widest margin since October 2025, and that crowding cuts both ways Traders have piled more than $10 billion in leveraged short bets on Bitcoin , stacked up to the $83,000 level as of November 9, 2026, according to trader commentary circulating on X. The most detailed picture comes from Hyperliquid , a derivatives trading platform where large accounts, often called whales, hold sizable positions. As of November 7, 2026, whale accounts there held between $892–924 million in Bitcoin shorts. Their longs totaled only $454–483 million. Shorts outweighed longs by roughly two to one. That marks the largest net short bias among these accounts since October 2025. The shift did not happen overnight.

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