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The top 9 whales on Hyperliquid are all losing money.
Not just one or two—
it’s nine.
Not a single one is spared.
Total losses: $48.6 million.
The worst one:
it went long on BTC, with an average entry price of 76,117.
It is down by $15.53 million unrealized.
The other 6 went short on ETH, totaling 220k ETH.
ETH has recently risen by 25%.
These 6 together lost $36.2 million.
The longs got smashed.
The shorts got squeezed.
Longs and shorts die together—
this is the market.
No matter what strategy you use,
if you’re wrong on direction, you have to pay tuition.
Whales are no different from you and me.
When you lose, it hurts the same.
They lose in the tens of millions—
you lose in the hundreds.