bullish

Hyperliquid

January 21st — Per HyperInsight monitoring (via &lt;a href="https://t.me/HyperInsight" target="_blank"&gt;https://t.me/HyperInsight&lt;/a&gt;), HYPE’s price dropping below $21 this morning triggered liquidations of multiple major on-chain bullish whale positions. The largest long position address suspected of possessing HYPE insider info (0x082e) — dormant for months — sent $1 million in collateral to Hyperliquid last night, lowering its long position’s average price from $20.13 to $19.33. The position now totals roughly $29.6M, with an average entry of $38.67 and an unrealized loss of $23.78M (-401%). Yesterday, the second-largest on-chain long position — the whale linked to the “260M HYPE long liquidation” — faced an additional $7.01M in liquidations, cutting its size from $13.06M to $4.95M. Its unrealized loss stands at $2.28M (-230%), with a next liquidation price of ~$20.6. Whales with addresses starting with 0x666 and 0xa8c also saw liquidations. The multi-million-dollar whale closest to liquidation yesterday (0x1c2) had $10.64M in HYPE long liquidations today, plus liquidation of its ETH long position. Total losses hit $2.32M, leaving just $320K in the account; the whale has since withdrawn funds and exited. Monitoring shows over $23M in additional liquidations are expected on Hyperliquid if HYPE falls to the $20.3–$20.6 range. These involve the “260M HYPE long liquidation” whale, plus addresses 0x433, 0x666, and 0xead — all with liquidation prices clustered in this range.

HYPE dropping below $21 triggers on-chain whale cascade long liquidation, with a further drop to $20.3 expected to liquidate four major whal...

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