- Hyperliquid whales have reached their largest net Bitcoin short exposure since October 2025.
- Four HYPE whale wallets realized approximately $5 million in profits during the token’s rally to $97.
- HYPE trades at $77.28, with immediate support at $77 and further downside levels at $75 and $72.
Hyperliquid is facing increased selling pressure as whales expand Bitcoin short positions and large HYPE holders cash out profits. Glassnode reports that Hyperliquid whales now hold their largest net short exposure since October 2025. Meanwhile, Santiment Intelligence tracked four wallets realizing approximately $5 million during HYPE’s rally to $97.
Hyperliquid Whales Expand Bitcoin Short Positions
According to Glassnode, Hyperliquid whales shifted their Bitcoin positioning from long to short two weeks ago. This ended a seven-month period of net long exposure.
Notably, their current short exposure has reached its highest level since October 2025. Glassnode also noted that Bitcoin declined considerably the previous time whales held comparable short positions.
HYPE Whales Realize $5 Million During Rally
Meanwhile, Santiment Intelligence reported significant profit-taking after Stan Druckenmiller tweeted about Hyperliquid. HYPE subsequently surged to $97, prompting four whale wallets to close their long positions entirely.
Together, the wallets realized approximately $5 million in profits. The largest wallet had accumulated HYPE since late May. During its exit, the wallet sold approximately $225,000 every five minutes at prices between $94 and $95. It ultimately recorded $2.4 million in realized profits.
Santiment’s Score platform also showed that four of five traders rejected the bullish interpretation of Druckenmiller’s tweet. All four traders currently hold gains, while the only bullish trader remains down 11%.
HYPE Faces $77 Support as Bearish Momentum Persists
HYPE has declined from approximately $94 in early October to $77.28 on November 8. The token briefly recovered toward $96 around October 29 before reversing lower. The latest candle recorded a 0.32% decline, closing at $77.284.
Trading volume stood at 348 HYPE. Meanwhile, the RSI reads 35.53, below its moving average of 36.66. The MACD histogram is at 0.090, while its MACD line at -1.616 exceeds the signal line at -1.706. The $77 level represents immediate support, followed by $75 and $72. On the upside, resistance stands at $80, $84, and $88.
