Bull and bear confrontation heats up: Hyperliquid whale account holdings undergo major adjustments

【Block Rhythm】According to the latest on-chain monitoring data, multiple large accounts on the Hyperliquid platform have conducted intensive position adjustments around January 12, reflecting a change in market participants’ attitude towards mainstream cryptocurrencies.

First, let’s look at the movements of the “BTC OG Insider Whale.” This account’s overall profit and loss have floated into the green, with a total floating profit of $1.8 million and an current position size of approximately $800 million. The main holdings are ETH long positions, with a floating loss of $3.72 million (-3%), but the average price of $3,147 indicates a medium- to long-term bullish attitude towards Ethereum. Interestingly, the SOL long position performs remarkably well, with a holding size of $72.5 million and a floating profit of $5.95 million, an increase of 82%, making it the primary source of profit for this account. This account is currently the top holder of ETH and SOL long positions on Hyperliquid.

Another key account, “CZ Counterparty,” appears more cautious in its strategy. This account holds ETH long positions worth $178 million, with a floating loss of $3.7 million, at an average price of $3,190. It also has an $82.1 million XRP long position, with a floating loss of $8.55 million. The total position size is about $265 million, making it the largest XRP long position on the platform and the second-largest ETH long position.

In the short position camp, the “ZEC Largest Short” account has been very active recently. Last night and this morning, it continued to close MON short positions and sold spot holdings, as well as closed short contracts on FARTCOIN. Currently, the MON short position size is about $4.28 million, with an average price of $0.0281. Its ETH short position has a floating profit of $5.65 million, and the ZEC short position has turned profitable. The total short position of this account is approximately $171 million, making it the largest short holder of ETH, ZEC, and MON on the platform.

The “Altcoin Air Force Leader” account’s recent adjustments are worth noting. It completely closed its ZEC short position and increased its short positions on DOGE and XPL, with the current short positions on these two coins exceeding $410,000. This account also maintains the largest short position on Hyperliquid’s LIT, with a position size of about $12 million, an average price of $2.7, which has recently turned from loss to profit.

Additionally, the “pension-usdt.eth” account’s 3x leveraged ETH long position has reversed its downward trend. It now floats a profit of $440,000, with a position size of $62.4 million, an average price of $3,097, and a liquidation price set at $1,610.

The most noteworthy is the “Strategy Counterparty” with significant position adjustments. After sharply reducing positions by nearly half on January 9, this whale account has continued to adjust its holdings in recent days. Its total position size has rebounded from $180 million to $256 million, an increase of 42%. The core of this rebalancing is increasing its BTC long position, which surged from $31.2 million to $121 million, with an average price of $90,500, making it the largest BTC long position on Hyperliquid. The direction of this account’s rebalancing indicates that large holders’ confidence in Bitcoin has significantly strengthened.