Biggest Hyperliquid Whales Back Bitcoin Rally With $257.49 Million
Analysis
Price Impact
MedSignificant capital from large traders on hyperliquid is being deployed into bitcoin longs, suggesting a positive sentiment and potential for price appreciation. however, the divergence with 'money printer' whales being bearish introduces some uncertainty.
Trustworthiness
MedThe data comes from coinglass, a reputable on-chain analytics platform. however, the focus on a single, albeit large, platform (hyperliquid) limits the broader market applicability.
Price Direction
BullishThe majority of 'leviathan' whale capital on hyperliquid is positioned long on bitcoin, indicating strong conviction from these large players. while not the sole indicator, this concentration of bullish sentiment often precedes price increases.
Time Effect
ShortWhale activity on a specific platform can lead to short-term price movements as their positions influence the market. the long-term impact depends on whether this sentiment is sustained and reflected across the broader market.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. According to the latest updated data from CoinGlass , whale traders on the Hyperliquid platform with volumes exceeding $50 million — also referred to as leviathan — are currently strongly bullish on Bitcoin. Advertisement In particular, the volume of long positions in BTC among this category of investors stands at $256.92 million, while short positions across these wallets amount to $126.46 million. There are 98 such wallets on Hyperliquid, and their total position size measures $1.63 billion. "Leviathan" whales accumulate Bitcoin as liquidation risk is low Interestingly, Bitcoin is not the largest cryptocurrency by exposure among these wallets. That position belongs to Ethereum, with a volume of $643 million compared to $383 million in BTC, and on Ethereum , they are also more bullish than not. However, here the difference between short and long positions amounts to just over $100 million. HOT Stories XRP Vampirized by Leverage-Driven Pump; Bitcoin Extends 18% Gains vs. Silver; Binance Lists 5 Major Pairs, Litecoin and Zcash Too: Morning Crypto Report 'Seems Important': Ripple CTO Emeritus Reacts to DTCC News Hyperliquid Leviathan Wallet Position Distribution in Real-time, Source: CoinGlass It is important that the liquidation risk for Bitcoin among these wallets is low — only 2.1% — which most likely indicates a low level of leverage across these accounts. In total, the volume of long positions equals $889.97 million, while short positions amount to $744.31 million. Advertisement You Might Also Like Tue, 03/03/2026 - 13:08 XRP Vampirized by Leverage-Driven Pump; Bitcoin Extends 18% Gains vs. Silver; Binance Lists 5 Major Pairs, Litecoin and Zcash Too: Morning Crypto Report By Gamza Khanzadaev What is interesting, and what represents a significant divergence, is the fact that among those who can be considered money printers on Hyperliquid by PnL metrics — meaning those whose cumulative PnL exceeds $1 million — are bearish on Bitcoin. The volume of short positions among 590 such wallets stands at $416.8 million versus $207.3 million in BTC longs. In other words, the divergence between those generating the highest profits and those holding the largest capital in Bitcoin on Hyperliquid is currently substantial. Advertisement #Bitcoin #Hyperliquid #Cryptocurrency Whales