HYPE Whale Cuts Losses on $16.4 Million Long Position Exposure
A large HYPE address liquidated approximately $16.45 million worth of long positions, incurring a loss of around $250,000. The whale now retains only spot positions and staked HYPE tokens for defense, after two attempts to chase the rally resulted in losses.
A HYPE whale address liquidated $16.45 million worth of long positions.
The loss from this liquidation was approximately $250,000.
The whale now retains only spot and staked HYPE positions.
This was the second unsuccessful attempt to chase the HYPE rally.
Story
A significant address on Hyperliquid, identified as 0x4e23, liquidated all 178,800 HYPE long positions in batches on the morning of September 24, 2026. These positions were worth approximately $16.45 million and resulted in a loss of around $250,000. Following this liquidation, the address now holds only roughly 375 spot HYPE and 10,100 staked HYPE for defense, having temporarily removed its leveraged exposure. It is reported that this was the address's second attempt to chase the HYPE rally, both of which ended in losses. However, the whale still has buy orders worth about $6.38 million placed at the $87-$89 level and sell orders totaling around $13.71 million at the $98-$101 level. This behavior underscores the risks associated with leveraged trading and the necessity of effective risk management, even for large market participants.
Issue context
The crypto market demonstrates resilience as Bitcoin ETFs continue to attract significant capital inflows despite a recent price dip. This indicates sustained institutional interest, which could act as a crucial support mechanism for Bitcoin's price structure. Concurrently, the impending quarterly expiry of Bitcoin and Ethereum options may introduce heightened short-term volatility as traders adjust their positions.
Sustained institutional inflows into Bitcoin ETFs suggest underlying demand that may cushion price dips. However, be mindful of the upcoming options expiries, which could introduce heightened market volatility in the short term. Your positions may be affected by these movements, so exercise caution.
Market pulse
Fear & Greed
71
Greed
BTC Funding
+0.0042%
20 perp markets · OI $62B
BTC Open Interest
$62B
Top venue Binance (Futures) · 24h vol $104.6B · basis +0.035%
ETH Funding
+0.0059%
20 perp markets · OI $40.3B
More from this issue
This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.