AHR999 plunged to 0.32, yet the giant whale is adding to its shorts—this battle will have to end with one side admitting defeat.

Today, Bitcoin surged to $63,621. From last week’s low of $58,293, it’s rebounded by nearly 10%.
But that Hyperliquid whale with cumulative profits of $173.75 million has just injected another $2 million into its account.
With 98.5% of its positions, it is entirely short.
Meanwhile, on the other side, historic-level bottom signals are lighting up in clusters—AHR999 has fallen to 0.32, the miners’ pressure index hit a new 2026 low, the Fear & Greed Index at 24 is in “extreme fear,” and the Sharpe ratio has dropped below -20.
At the floor price, it encountered a ceiling pressing down.
First, look at the ironclad evidence: the bottom is truly under your feet.
First, AHR999.
What does 0.32 mean? This index is considered to fall into the “DCA zone” when it’s below 0.45. At 0.32, it’s already close to historic lows.
Over the past five years, whenever this figure appeared at the same time—312, 519, and the FTX collapse—those were all historic major bottoms.
Next, the miners.
The miners’ composite pressure index has fallen to a new 2026 low, deeply entering the “undervalued” zone. This metric combines the Puell Multiple and a reverse miners’ capitulation index; historically, when it collapsed in sync, it happened in 2015, 2018, 2020, and 2022—each time near major Bitcoin bottom areas.
The Fear & Greed Index is 24. Extreme fear.
The Sharpe ratio has dropped below -20. In past instances of such extreme pessimism, it often corresponded to the beginning of a new bottom-building phase.
Judging by all the historically usable indicators, this is exactly when things are “cheap.”
If it’s this cheap, why is the giant whale still adding to its shorts?
Now, look at the threat: this whale isn’t here to give away money.
This address has $173.75 million in cumulative profits.
It just topped up $2 million today. Total position value is $35.92 million, with 98.5% short.
Breakdown of positions:
HYPE short, 5x leverage, $20.51 million, floating loss of $3.95 million
SOL short, 10x leverage, $6.76 million, floating loss of $72,000
GOLD short, 4x leverage, $5.44 million, floating profit of $184,000
FARTCOIN short, 5x leverage, $2.04 million, floating profit of $1.06 million
Total floating loss: $2.55 million.
This isn’t an ordinary retail trader “just doing it out of spite.” This is institutional capital with $170 million+ in profits behind it, top-tier information advantages, and the ability to profit from funding-rate arbitrage.
It’s sitting on a $2.55 million floating loss but doesn’t run—instead, it keeps adding another $2 million.
What is it betting on?
$BTC $SOL $HYPE
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