According to @ai_9684xtpa, BTC rallied to 98,000 and fell back to 91,000 in consecutive weeks, underscoring high volatility for leveraged trades, source: @ai_9684xtpa. According to @ai_9684xtpa, Hyperliquid’s top BTC short address 0x94d…33814 holds $448M total exposure with $4.32M unrealized profit, short 1,545 BTC, 70,015 ETH, and 490,662 SOL, source: @ai_9684xtpa; hyperbot.network/trader/0x94d3735543ecb3d339064151118644501c933814. According to @ai_9684xtpa, address 0xd83…18fd7 is BTC short Top 2 and ETH short Top 3 with $248M total exposure and $3.92M unrealized profit, short 1,640 BTC and 31,093 ETH, source: @ai_9684xtpa; hyperbot.network/trader/0xd83516572789f1c782c8298efce58a5600318fd7. According to @ai_9684xtpa, the account labeled “1011” is BTC long Top 3 and ETH long Top 1 with $855M total exposure and $9.2M unrealized loss, long 1,000 BTC and 223,340 ETH, source: @ai_9684xtpa; hyperbot.network/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae. According to @ai_9684xtpa, pension-usdt.eth is BTC long Top 2 with $91.06M total exposure and $4.54M unrealized loss, long 1,000 BTC, source: @ai_9684xtpa; hyperbot.network/trader/0x0Ddf9bAe2aF4B874B96D287a5aD42Eb47138A902. According to @ai_9684xtpa, the trader “麻吉老哥” holds $34.36M total exposure with $1.22M unrealized loss, long 11,000 ETH, source: @ai_9684xtpa; hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872. According to @ai_9684xtpa, across these highlighted non-market-maker Hyperliquid accounts, total reported exposure sums to approximately $1.68B, providing a snapshot of concentrated BTC short interest alongside sizable ETH longs, source: @ai_9684xtpa.

According to @ai_9684xtpa, Coinglass data shows Hyperliquid saw $235 million in liquidations over the past 4 hours before 08:00, with BTC accounting for 44.68% ($105 million) followed by ETH and SOL, and the majority of liquidations hitting long positions (source: Coinglass via @ai_9684xtpa). According to @ai_9684xtpa, since 2025-12-01 Hyperliquid open interest has trended higher to $9.91 billion today while active derivatives traders declined to 155,138, indicating whale or institutional concentration and larger average position sizes (source: @ai_9684xtpa citing Hyperliquid and Coinglass dashboards).