Hyperliquid Whales Shift to Slightly Bearish as Liquidations Drop 57%

Whales on the Hyperliquid exchange have shifted their stance from very bearish to slightly bearish. Data from CoinGlass shows a narrowing gap between bullish and bearish whale wallets, with cumulative long bets at $2.14 billion and short bets at $2.43 billion.

Over 300,000 smaller wallets remain strongly bullish.
The sentiment shift may increase market volatility, impacting smaller altcoin prices.

A Bitcoin whale increased their Ethereum holdings to 67,103 ETH, valued at approximately $210 million, with an unrealized profit of over $4 million.

Crypto Market Overview

The market remains bearish following an October selloff.
Bitcoin recovered from a local low of $80,000 but is still 29% below its all-time high.
Bitcoin's recent rise above $92,000 is seen as positive by analysts.
Leading Bitcoin treasury company, Strategy, purchased 10,624 BTC amid bearish trends.
Total crypto liquidations decreased by 57% to $208 million, indicating less speculation.

Traders await macroeconomic catalysts like the upcoming US CPI report on December 10. A cooldown in inflation from September’s 3% could boost financial markets.