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Whale Flowsclosedto the close of 31 Oct

October 2026 on Hyperliquid: whale money fell 17% and ended leaning short

Tracked whales held $8.68B on Hyperliquid at the close of 30 Sep and $7.19B at the close of 31 Oct. The Whale Tide went from 26 to 29, with a low of 24 on 12 Oct and a high of 29 on 25 Oct.

  1. 01Whale money

    $7.19B

    −17% in the month

    Tracked whales held $7.19B on Hyperliquid at the close of October 2026, 17% less than a month earlier.

    How this is counted

  2. 02Net flow

    $346M

    net toward shorts · from 23 Oct

    From 23 Oct to the close of October 2026, tracked whales on Hyperliquid moved $6.91B toward longs and $7.25B toward shorts, net $346M toward shorts.

    How this is counted

  3. 03In TradFi markets

    24%

    23% a month earlier

    At the close of October 2026, 24% of tracked whale money on Hyperliquid sat in TradFi markets (stocks, indices, commodities and FX), against 23% a month earlier.

    How this is counted

  4. 04Records of 80+

    13% long

    the rest 61% long

    At the close of October 2026, tracked whales with a track record of 80 or more held $2.85B on Hyperliquid, 13% of it long, against 61% long for those below 80.

    How this is counted

Whale money at each close

30 Sept32 closes31 Oct

Whale Tide at each close

30 Sept32 closes31 Oct

Where the money went

Whale money grew most in HYPE (+$209M). It shrank most in ETH (−$825M). At the close, 76% of whale money sat in crypto.

Grew most

  1. HYPE$730M → $939M+$209M
  2. BTC$1.52B → $1.61B+$85M
  3. GOOGL$59.8M → $131M+$71.7M
  4. BRENTOIL$35.5M → $95.3M+$59.7M
  5. ANTH$0 → $37.8M+$37.8M

Shrank most

  1. ETH$2.32B → $1.49B−$825M
  2. PUMP$181M → $49M−$132M
  3. SOL$389M → $280M−$109M
  4. NVDA$109M → $13.1M−$95.5M
  5. XRP$157M → $70.7M−$86.5M

By class

  1. Crypto$6.71B → $5.43B76%Tide 23 → 26
  2. Stocks$1.21B → $953M13%Tide 39 → 34
  3. Indices$246M → $292M4%Tide 50 → 48
  4. Metals$288M → $246M3%Tide 33 → 25
  5. Energy$105M → $199M3%Tide 43 → 63
  6. ETFs$103M → $46.7M1%
  7. FX$20.5M → $25.6M0%

Whale money is the tracked wallets’ positions of $1M or more, both sides, at the daily close. It changes when whales open, add, cut or close, and when prices move.

Moves toward long and short

From 23 Oct to the close of October 2026, tracked whales on Hyperliquid moved $6.91B toward longs and $7.25B toward shorts, net $346M toward shorts. Whales with a record of 80 or more moved a net $49.7M toward longs, those below 80 a net $395M toward shorts.

Moves toward long and short by class
ClassToward longsToward shortsNet
Crypto$5.92B$6.26B$338M short
Stocks$502M$511M$8.6M short
Energy$200M$184M$16.4M long
ETFs$128M$139M$10.9M short
Indices$87.6M$95.9M$8.3M short
Metals$70.6M$66.6M$3.9M long

5,291 moves on whale positions, counted when they happened, not where the money stands. How this is counted

Who held the money at the close

At the close of October 2026, tracked whales with a track record of 80 or more held $2.85B on Hyperliquid, 13% of it long, against 61% long for those below 80.

Who held the whale money at the close of 31 Oct
GroupWalletsLongShortLong share
By track record
Record 80+89$380M$2.47B13%
Record 50–79215$1.17B$1.58B43%
Under 50112$1.46B$135M92%
By label
Directional373$2.63B$3.69B42%
Hedger18$188M$182M51%
Market Maker1$4.4M$0100%
Unclassified24$185M$308M38%
By size
$100M or more10$94.9M$2.14B4%
$10M to $100M146$2.34B$1.57B60%
$1M to $10M260$573M$474M55%
All tracked whales416$3.01B$4.18B42%

Every tracked wallet with positions of $1M or more at the close of 31 Oct, counted once in each group. The close a month earlier is not on record for this table. How this is counted

How often the lean was right

Whales leaned one way at 1,005 daily closes across the markets this month. By the next close the price had moved their way 536 times and the other way 430 times, and 39 closes ended flat. Right on 55% of the closes that moved.

  1. BTC12 right, 14 wrong46%
  2. ETH14 right, 12 wrong54%
  3. HYPE15 right, 12 wrong56%
  4. SOL16 right, 10 wrong62%
  5. GOLD4 right, 2 wrong–
  6. WTI1 right, 3 wrong–
  7. S&P 5002 right, 2 wrong–
  8. NVDA4 right, 2 wrong–

A lean is right when the price moved its way by more than 0.1% by the next daily close. Every market on the scorecard

The largest realised results

Gains

  1. Patient CurrentBTC long, $62.4M+$15.8M30 Oct
  2. Patient CurrentETH long, $17.6M+$4.7M30 Oct
  3. Quiet MantaNEAR long, $19.8M+$3.4M11 Oct
  4. Upper MeridianBTC long, $10.4M+$2.6M30 Oct
  5. Arctic FathomPONS short, $3M+$2.2M12 Oct

Losses

  1. Pale NarwhalPURRDAT long, $8.5M−$2.3M22 Oct
  2. Placid GyrePUMP long, $6.3M−$1.7M15 Oct
  3. Arctic CapeBTC long, $75.2M−$1.7M26 Oct
  4. Arctic CapeBTC long, $55.1M−$1.7M29 Oct
  5. Shaded CormorantXRP long, $15.1M−$1.5M29 Oct

Closed positions of tracked wallets, each counted over the whole position: its largest size and the result of every cut and the close.

How the whales did

645 tracked whales closed at least one position of $100K or more this month. Summed per wallet, 353 ended the month in profit and 290 at a loss, before fees and funding.

October 2026

55%353 of 645 whales ended in profit, 290 at a loss

Median result
+$3K
Liquidated at least once
11% of them
at a lossin profitWhales by their realised result, before fees and funding

Wallets that lost and stopped trading leave the list, so the share in profit can read high. 30 and 90 days on the scorecard

Realised gains and losses, day by day

Closed positions of tracked whales realised +$162M in gains and −$143M in losses this month, before fees and funding. The best day on balance was 30 Oct, the worst 22 Oct.

1 OctUTC days31 Oct

gains of positions closed in profitlosses of positions closed at a loss

Realised gains and losses, day by day
DayGainsLossesClosed positions
1 Oct+$2.6M−$1.9M248
2 Oct+$5.3M−$4.4M296
3 Oct+$3.7M−$971K79
4 Oct+$1.6M−$761K80
5 Oct+$2M−$2.2M231
6 Oct+$1.7M−$2.4M148
7 Oct+$5.2M−$9.6M271
8 Oct+$7.4M−$7.8M413
9 Oct+$2.8M−$1.7M217
10 Oct+$511K−$568K130
11 Oct+$6.1M−$466K160
12 Oct+$6M−$3.2M333
13 Oct+$3.9M−$4.2M354
14 Oct+$6M−$6.6M368
15 Oct+$9.2M−$13.3M567
16 Oct+$3.1M−$2.4M459
17 Oct+$2.1M−$1.7M169
18 Oct+$2M−$3M251
19 Oct+$3.4M−$5M426
20 Oct+$4M−$4.2M460
21 Oct+$7M−$2.8M475
22 Oct+$4.5M−$9.7M597
23 Oct+$3.3M−$4.8M457
24 Oct+$3.3M−$4.7M290
25 Oct+$1.7M−$2.6M182
26 Oct+$2.9M−$5.1M321
27 Oct+$1.8M−$2M277
28 Oct+$4.9M−$3.9M383
29 Oct+$19.2M−$16M813
30 Oct+$32.9M−$13.1M627
31 Oct+$1.8M−$2.1M151

Each closed position counts on the day it closed, with its result over the whole position.

Liquidations

Across every account on Hyperliquid, $2.42B of positions were liquidated this month, 80% of it longs.

The largest among tracked whales, by position size

  1. Breezy SounderBTC short$37.6M30 Oct
  2. Breezy SounderBTC short$31.3M28 Oct
  3. Breezy SounderBTC short$28.4M26 Oct
  4. Southern MantaETH long$24.1M7 Oct
  5. Breezy SounderBTC short$22.8M21 Oct

Hyperliquid in the month

Open interest on Hyperliquid stood at $14.84B at the close of October 2026, 11% less than a month earlier, and tracked whales held 48% of it. From 12 Oct to the close of October 2026, Hyperliquid's Assistance Fund bought 431,022 HYPE for $35.2M.

Hyperliquid in October 2026 and the month before
FigureOctober 2026September 2026
Open interest at the close$14.84B$16.59B
Held by tracked whales48%52%
Trading volume$57.76B26 Oct to 31 Oct–
Liquidated, every account$2.42B$1.76B
Liquidated, tracked whales$476M$264M
HYPE bought by the Assistance Fund431,022 HYPEfrom 12 Oct–
Paid by the Assistance Fund$35.2Mfrom 12 Oct–
HYPE held by the fund at the close48.40M HYPE–
Whale Tide at the close2926

The Assistance Fund is Hyperliquid’s own fund. It buys HYPE with the exchange’s income, in small orders through the day. Its trades before 12 Oct are not part of this count. Its wallet on the explorer How this is counted

Share card for the monthly report of October 2026: October 2026 on Hyperliquid: whale money fell 17% and ended leaning short

The month in one picture: the headline and its figures.

How this is counted

Whale money
The positions of tracked wallets of $1M or more, longs and shorts together, at the daily close (00:00 UTC). It changes when whales open, add, cut or close, and when prices move. A month earlier means the last close of the month before.
Net flow
Every recorded move on a whale position of $1M or more, before or after the move. Opening or adding to a long and cutting or closing a short count toward longs, the reverse toward shorts, a flip both. Net flow is the difference. It shows where whales moved money, not where it stands, and a price move alone does not count. Moves are on record from 23 Oct.
In TradFi markets
The share of whale money at the close in stocks, indices, commodities, FX and ETFs on Hyperliquid: everything but crypto.
Records of 80+
The track record is a score from 0 to 100 from a wallet’s returns on Hyperliquid, all time, the last month and the last week, and how steady they were over the last year. The tile shows the long part of the whale money of wallets with 80 or more at the close, against those from 1 to 79. Wallets without a record yet count in neither.
Who held the money
Each tracked wallet with positions of $1M or more at the close counts once in each group: by its track record, by its label (an estimate from how it trades) and by the size of its whale money across markets. A wallet with longs and shorts adds to both columns.
Hyperliquid in the month
Open interest is the value of every open position in Hyperliquid’s perpetual markets at the close, as the exchange reports it. Trading volume is the traded value of those markets, day by day. Liquidations count every account. The Assistance Fund’s figures are its own trades of HYPE against USDC. A figure that covers only part of a month names its days.

Every report figure in the methodology

The month’s tables as CSV: Days, Markets, Who held the money, Hyperliquid in the month. Free to use under CC BY 4.0, with the credit “Source: WhaleRadar” and a link to this report.

Every day of the month

From the Hyperliquid blockchain, at each daily close (00:00 UTC). Whale money and the Tide count tracked wallets with positions of $1M or more. Liquidations count every account on Hyperliquid. Not financial advice.