Hyperliquid's Largest Wallets Hold $256.92M in Bitcoin Longs as High-PnL Accounts Short $416.8M BTC
Hyperliquid's largest "leviathan" wallets with over $50 million in volume are net long Bitcoin, holding $256.92 million in BTC longs against $126.46 million in shorts with a 2.1% liquidation risk across 98 wallets and $1.63 billion in total positions, CoinGlass data show. Within these wallets, Ethereum represents the biggest exposure at $643 million compared with $383 million in BTC, while their overall portfolio shows $889.97 million in longs versus $744.31 million in shorts. In contrast, 590 Hyperliquid accounts with cumulative PnL above $1 million hold $416.8 million in BTC shorts versus $207.3 million in longs. Traders are monitoring whether the divergence between capital-heavy leviathan wallets and profit-heavy "money printer" accounts persists as Bitcoin price action pressures either long positions to defend or short positions to cover.