Hyperliquid whale holds $38M short against Bitcoin, but does it matter?
1.34%BTC$77,656 0.10%XLM$0.1742 0.22%TRX$0.3232 1.71%XMR$368.52 2.28%DOGE$0.09879 1.63%BCH$455.09 0.32%ADA$0.2515 1.27%BNB$637.43 0.43%ETH$2,318 0.43%SOL$86.44 0.98%HYPE$41.16 0.29%XRP$1.43 0.36%Written by Marcel Pechmanā , Staff Writer. Reviewed by Ray Salmondā , Staff Editor. Written by Marcel Pechmanā , Staff Writer. Reviewed by Ray Salmondā , Staff Editor. Hyperliquid whale holds $38M short against Bitcoin, but does it matter?Market AnalysisPublishedApr 25, 2026A Hyperliquid whale holds large short positions against Bitcoin and several altcoins. Does the position provide any signal on the marketsā future outcomes? Bitcoin (BTC) struggled to trade above $78,000 on Friday, but the overall setup remains bullish. BTC gained 29% since the $60,100 yearly low on Feb. 6, and many analysts believe it is on the verge of a longer-term breakout. At the same time, a bearish Bitcoin whale on Hyperliqu
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