Daily reportWednesday, 11 November 2026at its close, 00:00 UTC
Large whales lean short on crypto and on single stocks.
Whales lean short, unchanged since the previous close. Silent Tern is partly liquidated: $5M of its BTC short forced out at $74.3K, $19.9M left (−$51K realised).
Whale positions on Hyperliquid: $7.65B, $3.39B long (44%) and $4.26B short (56%). What counts as a whale?
The day’s largest move, replayed
Iron Humpback flips its $29.6M BTC long to a $37M short (−$191K realised).
How to read this
Shows: the price of the market from two hours before the move to 45 minutes after it, played once.
Read it: The dot is the move, with the whale’s name and money beside it. Shorts stand above the line, longs below it, a liquidation is a ring on the line. The largest move is the one of $1M or more that moved the most money this day.
Won’t show: the whale’s other moves. Its page holds them.
Crypto
Whales lean short on BTC (59% of $1.93B in whale positions) and on ETH (54% of $1.23B). The rest of Hyperliquid leans the other way: 63 against the whales' 26. Tracked whales lost $5M to liquidation in crypto in the last 24 hours, all of it shorts.
TradFi
In TradFi, whales lean short on stocks (Tide 40), lean short on indices (Tide 37) and lean short on energy (Tide 23). The clearest lean among the main TradFi markets: oil, 68% short of $65.9M. Tracked whales lost $1.8M to liquidation in TradFi in the last 24 hours, 72% of it longs.
Under water
41% of directional whale money is under water.
Over the last 32 daily closes, the share under water ran from 40% to 62%.
Money at a loss at the day's closing price, counted like the Tide: directional whales only. Hedges and market makers stay out, because one leg of a hedge is always at a loss.
Near liquidation
Longs hold $154M of the money near liquidation, shorts $79.8M.
Over the last 32 daily closes the total ran from $12.9M to $383M.
Whale money within 5% of its liquidation price, every wallet counted. Longs there would be forced to sell into a fall, shorts to buy into a rise.
Liquidations of the day
$7.5M of whale positions liquidated on this day, most of it BTC shorts.
- Liquidated
- $7.5M
- 7 positions · 73% shorts
- Busiest hour
- $5.2M
- 15:00 to 16:00 UTC · 2 positions
How to read this
Shows: every liquidation of a tracked whale of $100K or more in this UTC day, in the order it happened. Each takes as many tiles as its money.
Read it: A gap edged in green was a long, in red a short. The figures count the same liquidations.
Won’t show: liquidations of smaller accounts, or positions on other exchanges.
Cascades of the day
2 cascades liquidated $7.4M of whale positions.
| Time | Markets | Liquidated | Side |
|---|---|---|---|
| 16 min | BTC, SOXL | $5.2M2 positions | shorts |
| 8 min | NVDA, AMD | $2.2M4 positions | mostly longs |
The largest cascade11 Nov, 15:35:44 to 15:51:43 UTC
$5.2M of whale shorts liquidated, $5M of it within 1 second
- Markets hit
- 2
- BTC first, 1 more within 16 minutes
- BTC price
- +1.2%
- in 10 minutes, $73,595 to $74,478
- Positions
- 2
- from 2 whales
- BTC$5M
- SOXL$210K
Each circle: one whale liquidated, sized by its moneyLongShortUTC · Shorts above their market’s price line · Shaded: the cascade, second by second · Either side: the minutes before and after · every tracked whale liquidation of $100K or more
How to read this
Shows: the price of each market hit hardest, from 30 minutes before the cascade to 10 minutes after. Each circle is one tracked whale liquidation, placed at the second it filled and sized by its value.
Read it: The larger the circle, the larger the position. Circles crowded where a line moves fastest are positions liquidated during that move. The replay shows the two markets with the most money liquidated first, then the rest.
UTC · Shorts above their market’s price line · Shaded: the cascade, second by second, each known price a step with its dot · A whale’s positions in one market in the same second are one circle. · every tracked whale liquidation of $100K or more
Won’t show: liquidations of smaller accounts, or positions on other exchanges.
4 moves stood out.
Highlights of the day · 11 Nov
The largest liquidation · 15:35 UTC
BTC Silent Tern is partly liquidated: $5M of its BTC short forced out at $74.3K, $19.9M left (−$51K realised).
BTC price on this day, UTC
The largest realised loss · 08:23 UTC
ZEC Sheltered Shoal closes its ZEC short after 82 days: $1.1M at its largest, −$535K realised over the whole position.
ZEC price on this day, UTC
The closing moveThe whale's logZEC exitsProof on Hyperliquid
The largest new position · 10:54 UTC
BTC Iron Humpback adds $23.7M to its BTC short, now $29.6M. Track record 57/100.
BTC price on this day, UTC
The largest flip · 15:51 UTC
BTC Iron Humpback flips its $29.6M BTC long to a $37M short (−$191K realised).
BTC price on this day, UTC
Moves of the day the largest of $1M or more, UTC
1,867 whale moves on this day.
- BTCOpens a long
Silent Tern opens a $22.1M BTC long at $73.6K. Track record 20/100.
- BTCTrims a long
Silent Tern trims its BTC long by $22.1M to $5.7M at $73.7K (+$17K realised).
- BTCFlips to a long
Silent Tern flips its $14.8M BTC short to a $21.3M long (−$29K realised).
- BTCAdds to a long
Western Breaker adds $18M to its BTC long, now $24.6M. Track record 33/100.
- BTCCloses a short
Iron Humpback closes its $36.9M BTC short at $74.1K after 19 hours (−$168K realised).
- BTCAdds to a short
Iron Humpback adds $23.7M to its BTC short, now $29.6M. Track record 57/100.
- BTCAdds to a short
Silent Tern adds $16.6M to its BTC short, now $23M. Track record 20/100.
- BTCFlips to a long
Iron Humpback flips its $36.8M BTC short to a $29.6M long (+$34K realised).
- BTCFlips to a short
Iron Humpback flips its $29.6M BTC long to a $37M short (−$191K realised).
- BTCCloses a short
Iron Humpback closes its $37M BTC short at $74.1K after 11 minutes (−$89K realised).
- AMDTrims a short
Smooth Octopus trims its AMD short by $16.2M to $7.1M at $556.0 (−$13K realised).
- BTCTrims a long
Western Breaker trims its BTC long by $24.6M to $67K at $74.2K (+$134K realised).
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As archived at the day's close, Thu, 12 Nov 2026, 00:00 UTC. Not financial advice.