Whale Holds $352M BTC and ETH Longs on Hyperliquid
Hyperliquid (HYPE)
Editor:
Eugene Serbin
lookonchain.com reports that a whale or institutional address holds long positions in BTC and ETH worth approximately $352 million on Hyperliquid. These positions include 1,140 BTC and 98,090 ETH, established about half a month ago. The average entry price for the BTC longs was around $82,205, while the ETH longs entered at $2,604.
The overall position is currently posting an unrealized profit of roughly $2.66 million. HyperLabs has transferred 1.875 million HYPE tokens to the wallets of five OTC buyers. Additionally, HyperLabs completed the unstaking redemption of 3.75 million HYPE, equivalent to approximately $332 million.
Eric Trump stated that AI will become the fastest driver of growth for the crypto industry. He added that capital will continue to rotate between the two sectors. A hacker who stole nearly $55 million from Uranium Finance was found guilty and faces up to 20 years in prison.
The Chair of the U.S. House Financial Services Committee noted that SEC and CFTC actions remain insufficient. He hopes the CLARITY Act will be passed after the midterm elections.
How the market reacted
Whalio's own Binance spot order flow for HYPE, measured when this story was written up on 7 October 2026. Not the outlet's figures.
HYPE is trading at $91.96 with a 1-hour buy ratio of 40.3%, which is lower than the 49.8% seen over the last 4 hours. This suggests that short-term buying pressure is fading compared to the broader recent trend. The 24-hour buy ratio sits at 50.2%, indicating a near-even split between buyers and sellers over the full day. Volume delta is negative in the short term, with -$256,029 in the last hour and -$16,343 over four hours. This negative delta means that sell volume has exceeded buy volume in these shorter windows. However, the 24-hour volume delta is positive at +$127,589, showing that buyers have dominated the full day's trading.
Was that an ordinary day?
The same Binance spot measurements for HYPE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 53.1%, which is higher than today's 24-hour reading of 50.2%. This indicates that today's buying intensity is slightly weaker than the weekly norm. Spot volume for the 24-hour period was $42,032,083, representing 1.27 times the weekly average volume. This elevated volume suggests that trading activity is significantly more active than usual. The coin has seen a price change of +6.8% over the last eight days. Total volume delta for the week was +$16,475,885, confirming a strong weekly trend of net buying.