Hyperliquid's Top Two Monthly Traders Hold $1.06 Billion in Shorts, Betting on Crypto Declines

Hyperliquid’s two most profitable traders this month held about $1.06 billion in short positions across crypto assets, precious metals and memecoins. According to Odaily, as of 4:40 on November 2, the top-ranked account held $617.5 million in shorts across 22 markets, with overall leverage of about 4.7 times. The account’s largest short was $224.5 million in Ethereum, followed by $182.1 million in Bitcoin. It also held a $43.1 million HYPE short with an unrealized loss of $8.34 million. The account had earned about $99.1 million this month and added roughly $700,000 to its HYPE short between 4:08 and 4:40. The second-ranked trader held 30 positions with about $439.4 million in total shorts, including $142.7 million in Bitcoin. The trader’s HYPE short had an unrealized loss of about $10.7 million. Both traders ranked among Hyperliquid’s top earners for the month.