Hyperliquid Whales Are Becoming Less Bearish as Liquidations Plunge

Group 1 - Leading whales on Hyperliquid have shifted from very bearish to slightly bearish, with cumulative long positions reaching $2.14 billion and short positions at $2.43 billion [1][2] - Smaller wallets, totaling over 300,000 addresses, are strongly bullish, indicating a potential increase in market volatility due to whale influence on token prices [2] - A notable Bitcoin whale increased their Ethereum long position to 67,103 ETH, valued at approximately $210 million, reflecting a significant bullish sentiment [2][3] Group 2 - The crypto market has been in bearish conditions since the October 10 selloff, with Bitcoin trading 29% below its all-time high, although a recent break above $92,000 is viewed positively by analysts [4] - Strategy, a leading Bitcoin treasury company, purchased 10,624 BTC on December 8, contributing to a cooling of bearish sentiment in the market, while total crypto liquidations decreased by 57% to $208 million [5] - Lower liquidations suggest reduced speculation, with traders awaiting macro catalysts such as the upcoming US CPI report scheduled for December 10 [6]