Two unidentified major traders on the Hyperliquid platform, commonly known as ‘whales,’ have accumulated more than $15.34 million in unrealized profits from substantial Bitcoin short positions. These trades demonstrate the considerable market influence wielded by large-scale participants in cryptocurrency derivatives.
The first whale, using the alias ‘Insider Brother,’ currently holds a $111 million Bitcoin short position with an unrealized gain of approximately $8.1 million.
A second anonymous trader maintains a $93.88 million Bitcoin short position showing $7.24 million in unrealized profits.
These high-value positions underscore how individual whale activities impact Bitcoin’s price volatility and liquidity within crypto derivative markets.