$1.06 Billion in Short Positions: Hyperliquid's Two Most Profitable Traders This Month Are Betting on a Crypto Asset Decline

Odaily reports that Hyperliquid's two most profitable traders this month collectively hold approximately $1.06 billion in short positions, spanning crypto assets, precious metals, and meme coins. As of November 2 at 4:40 AM, the top-ranked account holds short positions across 22 markets worth $617.5 million, with overall leverage of approximately 4.7x.

The account's largest short is $224.5 million in Ethereum, along with $182.1 million in Bitcoin shorts; its HYPE short is worth $43.1 million with an unrealized loss of $8.34 million. The account has profited approximately $99.1 million this month and continued to add roughly $700,000 in HYPE shorts between 4:08 AM and 4:40 AM.

The second-ranked trader holds 30 positions with total short value of approximately $439.4 million, including $142.7 million in Bitcoin shorts; their HYPE short has an unrealized loss of approximately $10.7 million. Both traders' monthly profits rank at the top of Hyperliquid's trader leaderboard. (Bitcoin.com News)