According to @OnchainLens, a single whale deposited 1,000,000 USDC into HyperLiquid to increase its HYPE position, as evidenced by tracked wallet flows; source: @OnchainLens on X and CoinMarketMan HyperTracker wallet 0x23AfA6c8B67F9ddA2751254e8BE260CcB950E2C0. According to @OnchainLens, since December 17, 2025, the same address has cumulatively deposited 12.06 million USDC to HyperLiquid and accumulated 480,997 HYPE at an average execution price of 25.07 USD; source: @OnchainLens on X and CoinMarketMan HyperTracker wallet 0x23AfA6c8B67F9ddA2751254e8BE260CcB950E2C0. According to @OnchainLens, this ongoing accumulation on HyperLiquid creates a verifiable on-chain order flow signal that traders can monitor by tracking subsequent deposits and fills from the same address to gauge short-term liquidity in HYPE; source: @OnchainLens on X and CoinMarketMan HyperTracker wallet 0x23AfA6c8B67F9ddA2751254e8BE260CcB950E2C0.

According to @ai_9684xtpa, wallet 0x61CEeF212fF4a86933C69fb6aca2fe35D8F2A62B deposited 5.106 million USD to Hyperliquid within the past 6 hours, then opened a 36.27 million USD BTC long and 36.87 million USD combined shorts in ETH, SOL, and AVAX, totaling 73.15 million USD in gross positions. Source: Ai 姨 (@ai_9684xtpa); Hyperliquid trader page for 0x61CEeF212fF4a86933C69fb6aca2fe35D8F2A62B. The long and short notionals are nearly equal, indicating roughly balanced exposure with an estimated 0.60 million USD net short tilt based on the reported sizes. Source: Ai 姨 (@ai_9684xtpa). The structure concentrates long exposure in BTC against short exposure in large-cap altcoins on the Hyperliquid perp DEX, a configuration relevant for monitoring BTC versus altcoin relative performance and funding dynamics. Source: Ai 姨 (@ai_9684xtpa); Hyperliquid trader page for 0x61CEeF212fF4a86933C69fb6aca2fe35D8F2A62B.

According to @ai_9684xtpa, wallet 0xd26…78321 deposited 5,000,000 USDC to Hyperliquid within the past hour and opened a 120 BTC 5x long worth about $10.83M at an average entry of $90,539, now showing roughly a $28,000 unrealized loss, source: https://x.com/ai_9684xtpa/status/2009192500389662865 and https://hyperbot.network/trader/0xd260b2216B735277da6771564A01c04856E78321. Based on the reported 5x leverage and $10.83M notional, the implied initial margin is approximately $2.17M (notional divided by leverage), leaving about $2.83M of the $5M deposit as excess collateral if fully allocated, source: https://x.com/ai_9684xtpa/status/2009192500389662865 and https://hyperbot.network/trader/0xd260b2216B735277da6771564A01c04856E78321. With a 120 BTC position, each $1 move in BTC equates to about $120 PnL, so a $1,000 move equals roughly $120,000 and a 1% move from $90,539 is about $108,647, providing traders a clear view of the position’s mark-to-market sensitivity, source: position size and entry from https://x.com/ai_9684xtpa/status/2009192500389662865 and https://hyperbot.network/trader/0xd260b2216B735277da6771564A01c04856E78321.

According to @OnchainLens, a whale deposited $5M USDC into HyperLiquid and opened a BTC long with 3x leverage, with the position still increasing, and the tracked address is 0xd260b2216B735277da6771564A01c04856E78321 via the hyperbot.network link shared by @OnchainLens. According to @OnchainLens, over the past 5 hours the same wallet bought 180,004 HYPE for $4.84M, implying an average fill near $26.9 per HYPE based on the reported totals.

According to CoinMarketCap, Flare has launched the first XRP spot market on Hyperliquid via its FXRP token, creating a spot venue for XRP exposure on Hyperliquid (source: CoinMarketCap on X, Jan 8, 2026). Flare co-founder Hugo Philion said they aim to expand what XRP can do across DeFi, confirming a utility-focused rollout for XRP through FXRP on Hyperliquid (source: CoinMarketCap on X, Jan 8, 2026).

According to @EmberCN, a whale that previously realized $96.67M in cumulative ETH swing-trading profits closed a 3,846 BTC long on Hyperliquid at an average exit of $91,158 after entering at $92,096, locking a $3.8M loss (source: @EmberCN on X; Hyperdash trader profile). The trader then withdrew 31.7M USDC from Hyperliquid and executed an OTC purchase of 10,000 ETH through Wintermute OTC (source: @EmberCN on X). On-chain data cited shows the address now holds 40,000 ETH worth about $127M with a stated average cost of $3,241 (source: Arkham Intelligence address explorer as referenced by @EmberCN). The sequence reflects a rotation back into ETH exposure over BTC as reported by the source (source: @EmberCN on X).

According to Lookonchain, whale 0xFB78 capitulated as the market slid, closing a 3,846 BTC long on Hyperliquid worth about $350.4M and realizing a loss exceeding $3.5M. Source: https://x.com/lookonchain/status/2008910264679403770 According to Lookonchain, earlier the address had increased BTC longs to 2,830 BTC ($259.55M), deposited $20M USDC to Hyperliquid potentially to add more BTC longs, and was showing over $2M in unrealized losses before the final exit. Source: https://x.com/lookonchain/status/2008780895306854436

According to @EmberCN, a whale/institution that previously realized $96.67M from ETH swing trades closed a 3,846 BTC long on Hyperliquid at an average exit of $91,158 after entering at $92,096 around 2:00 AM, realizing a $3.8M loss, source: @EmberCN; Hyperdash. The address cumulatively deposited 35.5M USDC into Hyperliquid to scale the BTC long and later withdrew 31.7M USDC back to an on-chain wallet, source: @EmberCN. Earlier in the sequence, the same entity topped up 20M USDC and expanded the BTC long to 2,830 BTC at a $92,318 entry with a reported liquidation price of $81,157 and a then-floating loss of $1.75M, source: @EmberCN; Hyperdash.

According to Onchain Lens, HyperLiquid trader address 0.fb78aa8f38843629e89951d9db6fdc398d75e0a3 fully closed its 20x BTC long with a realized loss of $3.77M; source: Onchain Lens on X 2026-01-08 https://twitter.com/OnchainLens/status/2009053537398039003 and HyperBot trader page https://hyperbot.network/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3. Onchain Lens also reports that address 0xf0a3 deposited $3M USDC into HyperLiquid and opened a 20x BTC long; source: Onchain Lens on X 2026-01-08 https://twitter.com/OnchainLens/status/2009053537398039003.

According to @lookonchain, trader James Wynn (@JamesWynnReal) was liquidated 12 times in the past 24 hours during the market decline, with a direct link to the Hyperliquid trade history for address 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 provided as evidence (source: Lookonchain; Hyperliquid trade history). The cited Hyperliquid trade history shows multiple liquidation entries over the stated period for that address, confirming repeated forced position closures on the platform (source: Hyperliquid trade history via Lookonchain).

According to @lookonchain, whale address 0xFB78 has increased his BTC long on Hyperliquid to 2,830 BTC with a notional value of $259.55M, per @lookonchain. The trader deposited an additional $20M USDC to Hyperliquid, flagged as potentially for adding more BTC longs, per @lookonchain. The position currently shows an unrealized loss exceeding $2M, per @lookonchain. Earlier activity included a $15.5M USDC deposit and the opening of a 20x long on 980 BTC totaling $90.7M, confirmed via Hypurrscan and reported by @lookonchain.

According to @EmberCN, a whale/institution that previously realized $96.67M from ETH swing trades deposited $20M USDC and scaled its BTC long to 2,830 BTC (about $259M) at an average entry of $92,318 with liquidation at $81,157, currently showing an unrealized loss of $1.75M; source: @EmberCN on X (Jan 7, 2026), legacy.hyperdash.com/zh-CN/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3. According to @EmberCN, since yesterday the entity transferred a cumulative $15.5M USDC to Hyperliquid to open 980 BTC longs with 20x leverage at $92,885 (about -$0.15M unrealized PnL) and also holds 30,000 ETH spot valued near $97.7M; source: @EmberCN on X (Jan 7, 2026), legacy.hyperdash.com/zh-CN/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3.

According to @ai_9684xtpa, address 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 on Hyperliquid has expanded its BTC long to $259 million, now the largest BTC long on the platform. source: https://x.com/ai_9684xtpa/status/2008908712333979876 https://hyperbot.network/trader/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3?ic=ve_1420369760633225216 The trader added 20 million USDC in margin and currently holds a 2,830 BTC long with a $92,318.6 average entry, an unrealized loss of $1.982 million, and a liquidation price of $81,157.4. source: https://x.com/ai_9684xtpa/status/2008908712333979876 https://hyperbot.network/trader/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3?ic=ve_1420369760633225216 A take-profit limit sell is still active to trigger at $93,300. source: https://x.com/ai_9684xtpa/status/2008908712333979876 https://hyperbot.network/trader/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3?ic=ve_1420369760633225216 Earlier updates show a 3 million USDC top-up increased the position to 980 BTC (about $91.06 million) after initiating a 20x BTC long roughly five hours prior with a $92,885 entry and a $78,028.9 liquidation price. source: https://x.com/ai_9684xtpa/status/2008813746823786775 https://hyperbot.network/trader/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3?ic=ve_1420369760633225216 Key actionable levels from the disclosed orders and risk parameters are $93,300 for take-profit and $81,157.4 as the current liquidation threshold. source: https://x.com/ai_9684xtpa/status/2008908712333979876 https://hyperbot.network/trader/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3?ic=ve_1420369760633225216

According to @ai_9684xtpa, address 0xFB7…5e0A3 deposited $3 million USDC margin on Hyperliquid about 3 hours ago, lifting its BTC long to 980 BTC (~$91.06 million notional; source: @ai_9684xtpa; Hyperbot trader page). The trader opened a 20x BTC long roughly 5 hours ago with a $92,885 average entry (source: @ai_9684xtpa; Hyperbot trader page). Unrealized profit stands at $103,000 and the liquidation price is $78,028.9 (source: @ai_9684xtpa; Hyperbot trader page). A take-profit limit order is set to trigger at $93,300 with size unspecified (source: @ai_9684xtpa; Hyperbot trader page). Based on these reported figures, the liquidation level is approximately 16% below the average entry, defining the near-term risk band for this leveraged position (calculation based on source figures: @ai_9684xtpa; Hyperbot trader page).

According to @EmberCN, a whale/institution that previously realized $96.67M in profits from ETH swing trades transferred $15.5M USDC to Hyperliquid and opened a 20x BTC long of 980 BTC with a notional of $90.87M at an entry price of $92,885, now showing an unrealized loss of $150K; source: X post https://x.com/EmberCN/status/2008795218972430446 and Hyperdash trader page https://legacy.hyperdash.com/zh-CN/trader/0xfb78aa8f38843629e89951d9db6fdc398d75e0a3. The same entity currently holds 30,000 ETH in spot positions valued at approximately $97.7M; source: X post https://x.com/EmberCN/status/2008795218972430446. Earlier activity cited by @EmberCN shows the entity sold 10,000 ETH at $3,597 on Nov 10 for a $2.93M profit, then repurchased 19,945 ETH around $3,200 via Coinbase, Wintermute, and FalconX for approximately $63.82M; source: X post https://x.com/EmberCN/status/1989497296292384890 and DeBank profile https://debank.com/profile/0xd4584bf988c9e8994688b56484e2f74ceaeefb20.

According to @OnchainLens, an on-chain tracked wallet deposited $1.9M USDC into HyperLiquid after two months and flipped its BTC long to a 3x short now valued at $12.95M, with the activity visible on CoinMarketMan HyperTracker for wallet 0xb798aef79972ce8f73d47b9ebbcda6bbb7ec4fbf (source: Onchain Lens on X, Jan 7, 2026; CoinMarketMan HyperTracker). This reflects a leveraged directional reversal in BTC perp exposure on HyperLiquid, quantified by the 3x short position and current valuation shown on the tracker (source: CoinMarketMan HyperTracker; Onchain Lens). Traders tracking whale derivatives flows can reference these data points to monitor short-side positioning on HyperLiquid’s BTC market (source: Onchain Lens; CoinMarketMan HyperTracker).

According to @OnchainLens, wallet 0xc2456 deposited 2,000,000 USDC to HyperLiquid and increased a BTC short position using 40x leverage, signaling concentrated bearish derivatives activity; Source: @OnchainLens on X and HyperBot trader page hyperbot.network/trader/0xc613bd93C62e62bF3E583C36aE8C4118f1FB2456.

According to @lookonchain, address 0xc613 deposited 2M USDC to Hyperliquid and opened a 40x short on 358.85 BTC with $33.24M notional, confirmed by Hypurrscan address 0xc613bd93C62e62bF3E583C36aE8C4118f1FB2456 perps data (source: @lookonchain on X, Jan 7, 2026; hypurrscan.io/address/0xc613bd93C62e62bF3E583C36aE8C4118f1FB2456#perps). Address 0xFB78 deposited 15.5M USDC and opened a 20x long on 980 BTC with $90.7M notional on Hyperliquid, as shown on Hypurrscan address 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 perps data (source: @lookonchain on X, Jan 7, 2026; hypurrscan.io/address/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3#perps). The reported sizes imply entry prices near $92,600 per BTC for both positions and a net long notional of about $57.46M across these two whales, derived from the figures in the thread (source: @lookonchain on X, posts 2008782177820176838 and 2008780895306854436). @lookonchain describes this as the BTC long–short battle resuming on Hyperliquid, indicating substantial leveraged positioning on both sides (source: @lookonchain on X, Jan 7, 2026).

According to @lookonchain, address 0xFB78 deposited 15.5 million USDC to HyperLiquid and opened a 20x leveraged long totaling 980 BTC with a $90.7 million notional on Jan 7, 2026, based on on-chain tracking. According to Hypurrscan, the 0xFB78 perps account reflects the BTC long position and the associated USDC deposit.

According to @OnchainLens, wallet 0xf0a3 deposited about $3,000,000 USDC to HyperLiquid and opened a BTC long position with 20x leverage, as flagged by the on-chain alert; source: @OnchainLens. Based on the figures reported by @OnchainLens, the 20x leverage on a $3,000,000 margin implies up to roughly $60,000,000 in BTC notional exposure if fully utilized; source: calculation from @OnchainLens data. Traders can monitor execution, funding, and PnL updates for this on-chain whale activity via CoinMarketMan HyperTracker; source: CoinMarketMan HyperTracker.