According to @lookonchain, a single whale created three wallets and deposited 2.47M $USDC into Hyperliquid, going long a total of 127.4M $TST (~$2.2M notional) with 1x–2x leverage (source: @lookonchain). Lookonchain shared the involved addresses 0xA58D8192d27640cc994D774Af6e15cbc209e244E, 0x3D065c6ede49f68Bd0c7FF1aACac6DeC4E3520d0, and 0x48c614e16700d716d82377Ad0b30B993Da8bc9d0 for verification on Hypurrscan at hypurrscan.io (source: @lookonchain; Hypurrscan). The update also states the whale is still accumulating $TST long positions and flags potential price manipulation, advising traders to watch $TST (source: @lookonchain).

According to @glassnode, with BTC back above 90,000 dollars, perpetual futures open interest increased from 304K to 310K BTC, about a 2 percent rise, indicating stronger derivatives participation by buyers based on Glassnode data. According to @glassnode, the funding rate climbed from 0.04 percent to 0.09 percent, signaling a renewed build-up in leveraged long positioning. According to @glassnode, perpetual traders are positioning for a potential year-end move, reflecting a bullish bias in the futures market.

According to Lookonchain, trader pension-usdt.eth closed a 25,000 ETH short on Hyperliquid for a $2.1M realized loss as the market rebounded and his 12-trade winning streak ended, while cumulative profit on the venue remains $23.9M, source: Lookonchain on X. According to Lookonchain, he then flipped long with 3x leverage, opening positions sized at 1,000 BTC around $87.8M notional and 10,000 ETH around $29.6M notional, currently showing over $1.4M in unrealized profit, source: Lookonchain on X. According to Lookonchain, these positions and PnL are referenced via the HyperDash trader page for verification, source: HyperDash trader page via Lookonchain.

According to @KobeissiLetter, Bitcoin dropped about $3,000 in 30 minutes as roughly $140 million in leveraged long positions were liquidated within minutes. source: @KobeissiLetter The source characterizes the move as the return of liquidations, highlighting a renewed wave of forced unwinds in BTC. source: @KobeissiLetter

According to Santiment, BTC briefly spiked to about $90,087 on Coinbase before retracing to roughly $86,580 at the time of the post (source: Santiment, X post, Dec 17, 2025). According to Santiment, rising positive BTC funding rates across exchanges indicate heavier leveraged long positioning, a setup that has historically preceded sharp liquidations, volatility spikes, and local tops or pullbacks (source: Santiment, X post; Santiment dashboard app.santiment.net/s/iUiEzzfd?utm_source=x&utm_medium=post&utm_campaign=x_btc_eth_total_aggregated_funding_rates_b_121725/&fpr=twitter). According to Santiment, ETH currently shows shorts outweighing longs, signaling weaker bullish conviction and comparatively lower immediate squeeze risk versus BTC (source: Santiment, X post; Santiment dashboard). According to Santiment, because crypto assets broadly track BTC, a cleaner path back toward $100K for BTC and an altcoin rebound requires BTC funding rates to normalize to neutral or turn negative (source: Santiment, X post). According to Santiment, traders can track aggregated BTC and ETH funding rates in real time via its dashboard to gauge leverage and liquidation risk (source: Santiment dashboard app.santiment.net/s/iUiEzzfd?utm_source=x&utm_medium=post&utm_campaign=x_btc_eth_total_aggregated_funding_rates_b_121725/&fpr=twitter).

According to @EmberCN, a high-leverage ETH long address was liquidated multiple times during the early-morning ETH decline, leaving only $47,000 in margin for the tracked account, source: @EmberCN on X, Dec 16, 2025, https://twitter.com/EmberCN/status/2000728503063376383. Since the Oct 11 selloff, the same address has cumulatively lost $21.21 million in principal, source: @EmberCN on X, Dec 16, 2025, https://twitter.com/EmberCN/status/2000728503063376383. The post was labeled as sponsored by Bitget VIP per the source, source: @EmberCN on X, Dec 16, 2025, https://twitter.com/EmberCN/status/2000728503063376383.

According to @EmberCN, a whale added to longs about 30 minutes ago, lifting total long notional to $613 million on Hyperliquid at 2.5x leverage with $11.55 million unrealized profit (source: X post https://x.com/EmberCN/status/1999377159727776085; source: Hyperbot trader page https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae). The current position set is 151,000 ETH long at $3,185 entry, 1,000 BTC long at $91,506, and 212,000 SOL long at $137.3 (source: Hyperbot trader page https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae; source: @EmberCN on X). Earlier, @EmberCN reported a $110 million USDC top-up to Hyperliquid roughly three hours prior and a $555 million total long at 2.3x leverage with $8.95 million unrealized profit (source: X post https://x.com/EmberCN/status/1999277359690928172; source: Hyperbot trader page https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae). In total, @EmberCN states the trader is deploying $230 million in capital to run these leveraged perps on Hyperliquid (source: X posts above; source: Hyperbot trader page).

According to @OnchainLens citing CoinMarketMan Hypertracker wallet 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae, a whale has increased leveraged long positions in ETH (5x), BTC (5x), and SOL (20x) with a combined value of approximately $613 million, based on on-chain tracking data. According to @OnchainLens using CoinMarketMan data, the reported position sizes are 150,466.58 ETH valued around $491 million, 1,000 BTC valued around $92.64 million, and 212,906.93 SOL valued around $29.73 million. According to @OnchainLens referencing CoinMarketMan, the tracker also shows the whale still holds 40,000 ETH (about $125 million) and 50,000 SOL (about $6.9 million) that could be deployed to further increase the long positions.

According to @OnchainLens, the Bitcoin OG (10/11) address deposited an additional $110M USDC into HyperLiquid, bringing total deposits to $230M, opened new 5x BTC and 20x SOL long positions, and continues to hold a 5x ETH long position; all figures and positions are as reported by @OnchainLens and the referenced HyperLiquid tracker. Source: @OnchainLens; hyperbot.network. According to @OnchainLens, the combined value of all open positions is $556M with approximately $10M in unrealized profit at the time of reporting. Source: @OnchainLens.

According to @ai_9684xtpa, an ETH wick hit a tracked whale’s liquidation zone, triggering an additional 1,200 ETH in liquidations worth about $3.78M. Source: @ai_9684xtpa on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872, Dec 11, 2025. Over the last 11 hours, cumulative liquidations reached 6,300 ETH with realized losses of $509k. Source: @ai_9684xtpa on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872, Dec 11, 2025. The tracked wallet now holds 4,800 ETH (~$15.25M) with an unrealized loss of $384k and a latest liquidation price of $3,136.98. Source: @ai_9684xtpa on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872, Dec 11, 2025. In a later update, ETH mark price was $3,229 while the wallet’s liquidation price stood at $3,201.08, a $27.92 gap, and $35.8M of ETH longs showed an unrealized loss of $344k. Source: @ai_9684xtpa on X; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872, Dec 11, 2025.

According to @OnchainDataNerd, whale address 0xBAD opened two leveraged long positions — approximately $58.16M notional at 5x on $HYPE and approximately $30.5M notional at 20x on ETH — with a current unrealized loss near $2.8M (source: @OnchainDataNerd). Liquidation risk cannot be determined from the post because the entry prices, maintenance margin, and trading venue are not disclosed; perps are liquidated when margin falls below maintenance thresholds set by the exchange risk engine (source: Binance Futures documentation). Traders should monitor ETH and HYPE price momentum, funding changes, and on-chain activity at the disclosed address for potential de-risking or adds, as higher leverage increases sensitivity to adverse moves and potential liquidation pressure (sources: @OnchainDataNerd; Binance Futures documentation).

According to @EmberCN, an OKX whale who previously shorted after CZ disclosed ASTER holdings had an ETH long worth about USD 167M that came within USD 28 of liquidation at USD 2,595 when ETH hit a low of USD 2,623 on Nov 21 (source: @EmberCN; HyperBot tracker). The same account held a combined USD 256M in ETH and XRP longs that suffered an unrealized loss of roughly USD 44M but avoided liquidation (source: @EmberCN; HyperBot tracker). As of Dec 4, the positions are roughly flat overall: the ETH long has fully recovered and total unrealized loss has narrowed to about USD 3.95M, with XRP still slightly negative (source: @EmberCN; HyperBot tracker).

According to @OnchainLens, trader Machi (@machibigbrother) is currently showing over $2 million in floating profit on leveraged longs in ETH (25x) and HYPE (10x) and has opened a new ZEC long with 10x leverage (source: @OnchainLens). The breakeven gap is cited as $18.48 million for Machi’s positioning, corroborated by the referenced hyperbot.network trader dashboard (sources: @OnchainLens; hyperbot.network).

According to @lookonchain, wallet 0xa43d closed a MON long at a $135K loss and flipped to a 3x short on 12.11M MON valued at $414K, source: @lookonchain. The trader also opened 5x leveraged longs on 11,203 ETH worth $33.6M and 70,278 HYPE worth $2.46M within the past 2 hours, source: @lookonchain. This positioning establishes net short exposure to MON and sizable levered long exposure to ETH and HYPE in a tight time window, source: @lookonchain.

According to Lookonchain, in the past 2 hours three whale addresses opened large leveraged longs on Hyperliquid: 0x0ddf opened a 3x long on 311.9 BTC valued at $27.14M and a 2x long on 5,176 ETH valued at $15.15M; 0x2c26 opened a 20x long on 346 BTC valued at $30.09M; 0x535e opened a 25x long on 7,000 ETH valued at $20.49M, with positions and addresses referenced via Hypurrscan at https://hypurrscan.io/address/0x0ddf9bae2af4b874b96d287a5ad42eb47138a902, https://hypurrscan.io/address/0x2c26b98bba32196e05123db5e1469ee88cb67e17, and https://hypurrscan.io/address/0x535e34b5ada64997afc88444271ae9b3f82b3867 respectively, source: Lookonchain on X, Nov 26, 2025; Hypurrscan. These trades indicate a bullish shift by the referenced whales on BTC and ETH perpetuals on Hyperliquid as characterized by Lookonchain, source: Lookonchain on X, Nov 26, 2025. Based on the figures disclosed by Lookonchain, the combined notional value of these long positions is approximately $92.87M across BTC and ETH on Hyperliquid, calculation from Lookonchain data; source: Lookonchain on X, Nov 26, 2025.

According to @lookonchain, wallet 0xa43d opened a 5x long totaling 8,296.63 ETH (~$25.41M) and a 10x long totaling 34,074.31 ZEC (~$19.85M) on Nov 24, 2025, source: @lookonchain. The post references the verification page at legacy.hyperdash.com/trader/0xa43d75213160aff6db3b9761dd5ac4fb4fa57d28 for tracking these leveraged positions, source: @lookonchain. No entry price, liquidation level, or exchange venue was disclosed, limiting immediate risk parameter assessment from the post alone, source: @lookonchain. Traders can monitor ETH and ZEC perpetual liquidity and funding into upcoming sessions given the disclosed leveraged size, source: @lookonchain.

According to @lookonchain, wallet 0x8d0e purchased 4,022 ETH (~$11.19M) spot on Hyperliquid, with transactions visible on Hypurrscan: https://hypurrscan.io/address/0x8d0e342e0524392d035fb37461c6f5813ff59244. According to @lookonchain, the same wallet opened a 20x long on 2,034.5 ETH (~$5.66M) and a 10x long on 1,662 BCH (~$0.908M), corroborated by Arkham address intelligence: https://intel.arkm.com/explorer/address/0x24d45Ef5E121813311bFB1f44EfCe6B7E53D7187. Based on figures reported by @lookonchain, the whale’s combined notional long exposure across spot and perps is roughly $17.76M concentrated on ETH and BCH on Hyperliquid.

According to @EmberCN, a whale who shorted ASTER after CZ disclosed ASTER holdings later closed the short and rotated into nearly $300M in ETH and XRP longs, source: @EmberCN on X (Nov 21, 2025). The whale’s current $261M long position shows an unrealized loss of $31.84M, source: @EmberCN on X (Nov 21, 2025). Reported liquidation prices are ETH at $2,528 and XRP at $1.55, source: @EmberCN on X (Nov 21, 2025).

According to @ai_9684xtpa, one trader running a 25x ETH long shows a liquidation price at $3,042.95, a mark price at $3,186.7, and an unrealized loss of $1.825M, source: X post by @ai_9684xtpa on Nov 15, 2025 and hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. According to @ai_9684xtpa, a second trader held two ETH long positions totaling $47.14M; wallet 0x95815F5bfF16EB361Dab6AD6a5535698114a0605 reportedly closed about three hours earlier with a realized loss of $2.735M, while wallet 0x93c841b243178Bb0584D9D688b7F6cD5143C5a5e shows a $1.464M unrealized loss, source: X post by @ai_9684xtpa and hyperbot.network/trader/0x95815F5bfF16EB361Dab6a5535698114a0605 and hyperbot.network/trader/0x93c841b243178Bb0584D9D688b7F6cD5143C5a5e. According to @ai_9684xtpa, traders should monitor ETH price versus the stated $3,042.95 liquidation threshold on the highlighted 25x long because a move to that level would liquidate the position by design, source: X post and the linked hyperbot.network position page.

According to Onchain Lens, an Unknown Whale reopened a 25x long on ETH via its first wallet, with the two tracked wallets now holding 14,635 ETH and a combined notional value of about $49.3M, as reported on X by Onchain Lens. According to Onchain Lens, the 0x93c wallet executed a quick scalp before the new trade, realizing $440K and lifting total profit to $776K. According to Onchain Lens, the figures imply an approximate current notional of $3,367 per ETH across the positions, which traders can use to benchmark execution and risk levels. According to HyperBot trader pages for 0x93c841b243178bb0584d9d688b7f6cd5143c5a5e and 0x95815F5bfF16EB361Dab6AD6a5535698114a0605 referenced by Onchain Lens, the positions and realized PnL can be cross-verified. According to Binance Futures risk disclosures, 25x leverage materially narrows liquidation thresholds, underscoring elevated short-term liquidation risk for highly leveraged ETH longs.