Hyperliquid Whales Flip Most Bearish Since 2025

Whale accounts on Hyperliquid are holding up to $924 million in $BTC shorts against roughly $460 million in longs, pushing their net short position toward $470 million. The flip to net short came on October 27, marking the most bearish whale positioning since October 2025. The largest single short was opened near $76,390, meaning a sustained move above that level would squeeze the position that triggered the shift.