BTC OG whale realizes a profit of $11.6 million, with bulls and bears engaged in fierce confrontation on Hyperliquid

【Block Rhythm】On January 5th, the market was filled with tension. Both bulls and bears engaged in a fierce capital battle on the Hyperliquid platform.

The most eye-catching is the “BTC OG insider whale.” This player’s account has a total floating profit of up to $17 million, mainly holding ETH long positions with an average price of $3,147, totaling $650 million, successfully turning from a loss to a floating profit of $11.95 million (9%). They also hold long positions in BTC and SOL, with the entire account holding approximately $815 million. Currently, this address is the top long position holder in ETH, BTC, and SOL on the Hyperliquid platform.

In contrast, another player, “CZ Opponent,” is in a relatively tight situation. The account’s total floating loss has narrowed to $12.43 million, with an ETH long position floating loss of about $2.46 million (holding $183 million at an average price of $3,190). Additionally, they hold an XRP long position of $83.7 million with a floating loss of $5.45 million. Although the losses are shrinking, they have not yet turned around.

The days are also tough for bears. “ZEC Largest Short” account has shifted from profit to loss overall, and today they are adding to their ETH short position, with a current size of $147 million (average price $3,239), with floating profit of only $1.67 million. Their ZEC short position continues to expand, with a loss of $15.08 million this week. This account is currently the largest short in ETH, ZEC, and MON on the platform.

However, bears are also on the offensive. “Shanzhai Air Force Leader” has been continuously increasing their short positions over the past seven days, adding about $20 million in shorts, with a total size now reaching $41.38 million. Among them, the LIT short position has reached $11.2 million (average price $2.70), and they have recently added to their PEPE and XPL short positions. This address has become the platform’s largest short in LIT.

Another new short position, “pension-usdt.eth,” is very aggressive. Yesterday, they transferred $30 million into the Hyperliquid contract account, then opened a ETH short position with 3x leverage, with a current size of $63.6 million (average price $3,136), with a liquidation price set at $4,545.

From the data, although longs dominate major cryptocurrencies, the increasing activity of shorts cannot be ignored, and market divergence is becoming increasingly evident.