Hyperliquid Whale Flips to Bitcoin Long and Slashes Ether Short Exposure

A prominent whale address on decentralized derivatives exchange Hyperliquid has pivoted its market bias, trimming its Ether short position and switching from short to long on Bitcoin. A snapshot at 00:01 UTC on November 3 showed the trader held an active long position of 191.2 BTC worth $14.69 million alongside a reduced short of 9,537.09 ETH valued at $21.49 million. The shift follows portfolio adjustments where the address entered a 291.401 BTC long and cut 10,394.62 ETH from its shorts, reversing its stance from November 1 when it held 301.13 BTC and 21,461.83 ETH in short positions.