Key Notes
- Price fluctuations have led to massive losses for popular traders like James Wynn and Machi Big Brother.
- Hyperliquid whales are betting against small-cap altcoins.
- The top hyperliquid trader has bet over $300 million on BTC and ETH prices falling.
Some of the most famous hyperliquid traders may have learned a costly lesson with high-leverage bets, but Abraxa Capital, a London-based crypto investment firm, is still betting big.
The cryptocurrency market has seen high volatility over the past month, with major assets seeing huge sell-offs. Bitcoin
BTC
$104,417
24h volatility:
1.7%
Market capitalization:
$2.09 T
Flight. 24h:
$71.89 billion
recorded a decline of 16.7% over the last 30 days while Ethereum
ETH
$3,552
24h volatility:
1.3%
Market capitalization:
$428.65 billion
Flight. 24h:
$36.15 billion
fell further, losing 28% of its value.
Perpetual traders have taken a big hit. The famous James Wynn went from $87 million in profits to $21.9 million in losses, according to Lookonchain.
Stay away from high leverage trading.
This might earn you big profits at first, but in the end it will wipe out everything you have earned.
Just ask the seven traders below. pic.twitter.com/mp6LPU5xf4
– Lookonchain (@lookonchain) November 6, 2025
Machi Big Brother, another trader on Hyperliquide, lost around $14.9 million. An unknown trader who turned $125,000 into $43 million in profit also suffers $180,000 in losses.
“Stay away from high leverage trading,” the market analysis firm wrote. “It may give you big profits at the beginning, but in the end it will wipe out everything you have earned.”
A trader with a 14-win winning streak also had a setback, losing $30.2 million. Aguila Trades, “Gambler @qwatio” and biggest loser Hyperliquide also lost $37.6 million, $28.8 million and $45 million respectively.
What are hyperliquid whales doing now?
High rollers are always at the top of the rankings on Hyperliquide. According to CoinGlass data, the total value of whale positions on the exchange is $5.8 billion ($2.7 billion long and $3.1 billion short).
With the latest positive momentum, the BTC long/short ratio increased to 56%/44%. ETH also follows closely, with 55.9% of traders betting on its bullish momentum. Additionally, hyperliquid whales are still uncertain about small-cap altcoins and are mostly betting on their prices to fall.
On the other hand, the largest trader on the decentralized perpetual crypto exchange, Abraxa Capital, opened a $174 million short position on ETH with an entry price of $3,527. The company’s BTC position, which shorts the main asset, is also worth $128.4 million with an entry price of $111,616.
Abraxa Capital currently has $17.2 million in unrealized profits.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his credit and his work has been featured in some of the leading media outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Besides reporting, Wahid likes to connect the dots between DeFi and macro in his newsletter, On-chain Monk.
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