XRP Whale on Hyperliquid Puts $7.6 Million Long Against $100 Million Short Wall
TL;DR
A whale on Hyperliquid has placed a $7.6 million long position in XRP, totaling 5.32 million tokens, while most traders are betting on a market decline. The position was opened at $1.4343 with 6x leverage and is currently at a loss of about $6,300.
Key points
- A whale opened a long position in XRP worth $7.65 million
- The position totals 5.32 million XRP tokens
- Most traders are betting on a market decline
- The position is currently at a loss of $6,300
- Liquidation level is set at $0.8652
Mentioned in this story
CoinGlass recorded notable activity on Hyperliquid among large traders with balances of $1-50 million, the so-called Tidal Whales. While most participants in this group are positioning for a market decline, one player has rebuilt a large long position in XRP totaling 5.32 million tokens.
The position was opened at $1.4343 using 6x leverage, bringing its notional value to $7.65 million. At the moment, the trade is in loss, generating about $6,300 in unrealized minus.
Hyperliquid Whale Tracker "0x3109..83", Source: CoinGlass
Particular attention should be paid to the liquidation level — $0.8652. Such a conservative setup confirms that the whale is not targeting short-term speculation on lower time frames but is prepared to hold the position through volatility, focusing on the broader upward trend in XRP.
Why $7.6 million whale long is defying Hyperliquid's bearish trend
Current Hyperliquid data reveals a deep division of opinions within the Tidal Whales segment. Across the platform, these investors are generally bearish. The volume of their short positions stands at $854.47 million, exceeding long positions worth $754.72 million by nearly $100 million.
Despite this overall pessimism, the situation in XRP is different. Here, whales favor longs: $17.74 million versus $16.68 million in shorts.
Why may the XRP long be justified? A strong news backdrop supports the buyer’s confidence:
- Record ETF inflows: Over the past week, U.S. spot XRP ETFs recorded net inflows of $55.39 million.
- Scaling in Asia: XRP has been integrated into the ecosystem of Japanese giant Rakuten with an estimated base of 44 million users.
- XRP chart resilience: The token continues to hold above key moving averages, maintaining its growth structure even after local profit taking near $1.50.
One thing to keep in mind too is that if the market moves higher, a wave of short liquidations among Tidal Bears could provide additional upside acceleration for XRP.
Q&A
What is the current status of the $7.6 million XRP long position?
The long position is currently at a loss of about $6,300 after being opened at $1.4343.
What liquidation level is significant for the XRP whale's position?
The liquidation level for the position is set at $0.8652, indicating a conservative approach.
How does the XRP whale's strategy differ from other traders?
Unlike most traders who are positioning for a market decline, this whale is focusing on a long-term upward trend in XRP.
