Hyperliquid whales ramp up BTC longs on Dec. 16; "Ultimate Short" trims shorts, "BTC OG Insider Whale" logs $40M ETH unrealized loss

On Dec. 16, several major whales on Hyperliquid adjusted leveraged positions amid a sharp pullback, Coinbob's popular address tracker shows. "pension-usdt.eth" opened a new 3x BTC long at 00:00 with about $85.76M exposure at a $86,300 average, becoming Hyperliquid's largest BTC long after about $2.8M profit from four round trips yesterday. "Calm Opening King" opened BTC/ETH/SOL longs over the past 6 hours totaling $7.11M with about $20,000 in unrealized losses, and fully closed BTC/ETH/SOL shorts at 01:00 for roughly $13,000 in realized profit; "Ultimate Short" closed about $8.6M BTC shorts for $2.37M profit, leaving $61.88M in remaining BTC shorts with $18.46M unrealized gains (542%), a liquidation price of $104,000 and additional sell orders down to $68,000, ranking second on Hyperliquid's BTC short leaderboard. Trader "Paul Wei" executed four BTC long entries from last night to this morning, now down about 7% on a position representing around 15% of a $100,000 account with most capital in resting orders between $84,800 and $93,300, and has accumulated $3,100 in profit since Nov. 16; the "BTC OG Insider Whale" saw unrealized losses widen, with ETH longs down $40M (-37%) at a $3,167 average on roughly $564M, while BTC and SOL longs are also underwater, bringing total positions to about $680M and placing the address atop Hyperliquid's ETH long leaderboard.