Key Notes
- The biggest whales on Hyperliquide are falling as Bitcoin consolidates around $96,000.
- Bitcoin’s social dominance signals serious retail panic and FUD.
- The broader crypto market is under pressure from both macro and micro factors.
Bitcoin’s (BTC) fall below the crucial $100,000 mark last week triggered a wave of short positions from huge whales on Hyperliquid.
The largest hyperliquid whales, with more than $50 million in digital assets, are betting heavily on another crypto market correction, according to Coinglass data.
Hyperliquid “Leviathans” dominate the market with short positions | Source: Coinglass
Data shows that the so-called hyperliquid “Leviathans” – referencing a mythical sea monster to illustrate their size – currently have $3.44 billion in open positions, including $1.15 billion in long positions and $2.29 billion in short positions, on the perpetual exchange.
These whales, worth over $50 million in size, are the only traders betting heavily on a deeper decline in the crypto market.
According to Coinglass data, trader sentiment increases as their size decreases; the most optimistic traders are the so-called “shrimps”, whose portfolio size can reach $250.
Bitcoin Social Dominance Shows Panic
After Bitcoin fell below $95,000 on Friday, November 14, the feeling of fear, uncertainty, and doubt within the crypto community skyrocketed.
According to an article by Santiment, Bitcoin’s social dominance has reached its highest level in four months, a level last seen in mid-July.
📈 While not a guaranteed crypto bottom signal, the odds of a market reversal increase significantly when Bitcoin’s social dominance increases. During Friday’s drop below $95,000, chat rates hit a 4-month high, signaling serious retail panic and FUD.
– Santiment (@santimentfeed) November 16, 2025
Bitcoin’s rise in social dominance was followed by retail panic and FUD, which consequently triggered a price correction, from $120,000 to $112,000 in two weeks, for the leading asset.
Currently, Bitcoin is experiencing a similar sentiment and Santiment hints at the “probabilities of a market reversal.”
One reason for the market-wide correction is massive outflows from Bitcoin-based exchange-traded funds in the United States. Coinspeaker reported that spot BTC ETFs saw a net outflow of $1.8 billion last week.
According to a Barron’s report, investors are moving away from riskier assets, such as cryptocurrencies, due to concerns about fragile economies and the high valuations of tech and AI stocks.
However, this cannot be a guaranteed bottom signal for the crypto market. When the big whales oppose the market as a whole and the crowd wanders in uncertainty, history suggests that something big could be afoot.
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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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