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Hyperliquid Whales Close 776 BTC Positions Worth $62M on May 8

GateNews

2026-05-08 09:53:30

BTC-0.94%

According to BlockBeats citing Hyperinsight monitoring, on May 8, three major BTC long addresses on Hyperliquid simultaneously closed positions over the past 30 minutes, creating 776 BTC sell orders worth approximately $62 million at an average price near $79,880. The positions were closed near breakeven levels. The three addresses traced back to transfers from HitBTC exchange, with on-chain records highly synchronized with trading activity, suggesting they belong to the same whale.

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