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Hyperliquid's contract holdings decreased by $1.5 billion compared to the beginning of the month, with some traders withdrawing funds or liquidating positions to wait and see.
BlockBeats news, November 12th, according to Defilama data, since November, the open interest on Hyperliquid has decreased by approximately 1.53 billion USD. Some previously active traders and whale addresses have been liquidating positions or withdrawing funds. According to Coinbob’s hot address monitoring: “Top 100% win rate whales” liquidated on November 10th, with the last trade being a ZEC short, incurring a monthly loss of 31.8 million USD, with some remaining funds used to buy SOL spot; “BTC OG insider whales” liquidated on November 11th, with the last trade being an ETH long, with 41.2 million USD withdrawn to Binance exchange. Additionally, HyperInsight monitoring shows: “1011 Flash Crash brave ETH long” whale liquidated on November 5th, with the last trade being an ETH long, incurring a loss of 15.11 million USD, with 2.17 million USD withdrawn to Binance; popular coin trader (0xfc8) closed positions on November 3rd, leaving 7.55 million USD in the account, with the last trades being VIRTUAL and SOL longs; post-00s trader 0xray closed positions on November 11th, leaving 2.68 million USD in the account, with the last position being an ETH short; “Whale Hunting” leader KOL liquidated on November 6th, with the last trade being an XPL long, leaving 2.2 million USD in the account; the whale who previously held the top position in the TRUMP holdings list liquidated on November 4th, with the last trade being a SOL short, with funds withdrawn to OKX exchange; Andrew Kang’s related address liquidated on November 3rd, with the last trade being a VIRTUAL long.