Data: The three largest HYPE short sellers on Hyperliquid all hold large amounts of spot positions, and Abraxas’s spot holdings have surpassed its short positions.

On December 4, according to HyperInsight monitoring, most whales with short positions exceeding $10 million on Hyperliquid are also holding spot positions. Among the top 3 addresses on the short position leaderboard for HYPE: the largest short, “BobbyBigSize,” holds a position of approximately $51.5 million and a spot position of about $11.85 million; “Abraxas Capital” has two addresses with HYPE short positions totaling about $71 million and has been continuously increasing its HYPE spot holdings since the beginning of this month, rising from $56 million to $63 million in the past 3 days; “Lightning Swing Hunter” holds a HYPE short position of approximately $32.91 million and a spot position of about $6.68 million.