Whales also hit by market "double whammy," Hyperliquid's nine top addresses collectively lose $48.6 million

BlockBeats News, July 27, according to Hyperinsight monitoring, the top 9 whale addresses on Hyperliquid currently each hold positions close to or exceeding $100 million, with individual address holdings ranging from $97.84 million to $314 million, totaling a nominal value of around $1.285 billion.

Based on the current unrealized P&L for each address, all 9 addresses are now showing unrealized losses, with total losses of approximately $48.635 million. Among them, the two largest whales have both recorded unrealized losses of over $10 million each.

The top loss is held by "BTC OG Insider Whale." This address currently holds about $99.35 million, with an overall unrealized loss of $15.538 million. Of this, the 5x leveraged BTC long position is worth around $82.906 million, with an average entry price of $76,117.3, resulting in a single position unrealized loss of $13.636 million; the ZEC short position has an additional unrealized loss of about $1.901 million.

Among the common sources of loss, ETH short positions are the most concentrated. Of the top addresses, 6 are shorting ETH, holding a combined total of about 222,000 ETH, equivalent to a total position value of around $456 million. Their current combined unrealized loss is $36.208 million.

Among these, "pension-usdt.eth" only holds a single ETH short position of 50,000 ETH, and the current unrealized loss is $13.417 million, with a liquidation price at $2,182.1, which is about 10.9% higher than the current price; the 44,200 ETH short position of "BobbyBigSize" faces an unrealized loss of $6.665 million, with the entire address still at a net loss of $5.317 million.

The main and sub-addresses of "Abraxas Capital" jointly hold a short position totaling about 94,900 ETH, with associated unrealized losses of $9.893 million. However, profits from HYPE, SOL, and FARTCOIN short positions have offset most of the losses, resulting in a net unrealized loss of about $3.872 million.

The rest of the top whale addresses are also not immune: the whale address starting with 0xf822 is under pressure for both ETH and BTC short positions; the whale address starting with 0x3200 is mainly losing on GOOGL, MRVL, and other US stock long positions; Wintermute’s market-making address has a net unrealized loss of $2.463 million.

This round of collective whale losses does not come from bets in the same direction. ETH’s rise has heavily squeezed top short holders, the BTC OG has become the biggest loser due to high-level BTC long positions, while some other BTC shorts and US stock longs are also in a loss state. With both long and short strategies failing simultaneously, none of the 9 addresses holding positions close to $100 million have achieved book profits for now.