Last night, Bitcoin violently surged by 9%, briefly touching the 70,000 mark. Some accounts turned profitable, while others were directly wiped out.
The top shorts on Hyperliquid have seriously experienced a major reshuffle.
Today, we will focus on two main points: why it is necessary to closely monitor the movements of major funds, and how to combine PRO's main orders with Hyperliquid's smart money to anticipate changes in fund flows.
First, a brief mention of the fundamentals: the U.S. is considering a large-scale increase in Bitcoin holdings and is urging Congress to quickly pass clear cryptocurrency regulation legislation. However, this legislation has been discussed for a long time, with slow progress. Trump has been calling for it since last year, and what really ignited this market trend was the concentrated short liquidation causing a short squeeze.
Let's first see how the biggest shorts are doing right now. Last night, Bitcoin violently surged by 9%, briefly touching the 70,000 mark. Some accounts turned profitable, while others were directly wiped out.
The top shorts on Hyperliquid have seriously experienced a major reshuffle.
Today, we will focus on two main points: why it is necessary to closely monitor the movements of major funds, and how to combine PRO's main orders with Hyperliquid's smart money to anticipate changes in fund flows.
First, a brief mention of the fundamentals: the U.S. is considering a large-scale increase in Bitcoin holdings and is urging Congress to quickly pass clear cryptocurrency regulation legislation. However, this legislation has been discussed for a long time, with slow progress. Trump has been calling for it since last year, and what really ignited this market trend was the concentrated short liquidation causing a short squeeze.
Let’s first see how the biggest shorts are doing now.
Address 0x66f889094739dbb7d20aa60f645acd88feba75a9, note that Bitcoin has already broken through the liquidation price originally planned by this “target brother,” which is around 70,400. Currently, his position is still intact, and the liquidation price has risen to 71,417. Next, we can focus on whether he will reduce his position.
Now let's look at the first address: 0x8c96e5a2d770f9f2c9d2464ce4e741df0b2bca57
This was previously the number one BTC short on Hyperliquid. During the surge last night, this whale was chased and forced to close continuously, experiencing 10 forced liquidations in a row, liquidating a total of 1,823 BTC, directly losing $2.97 million, and the entire position was completely wiped out.
There’s another address that everyone should be more familiar with, 0xff84dd888de8ac2ed9a44860dc44e57025d68f1d. Friends who often watch our news must have an impression, and there has been new action recently—the last 20 BTC short orders have also been closed.
This address once held 1,700 BTC short positions, but interestingly, every time it breaks even, it doesn't exit; the liquidation price is always close to the current price, with a buffer space of only 0.6%~0.8%. Every time Bitcoin rebounds, it has to passively reduce its position, even facing forced liquidation.
Everyone can add the corresponding address in the "Indicators" - "Smart Money Tracking" section on the PC side, and directly see the opening and closing records of this address on the K-line.
From being the top of the shorts, reducing its position to second place, then sliding to sixth place, this time it finally recognized the loss and exited.
Why do I repeatedly mention the liquidation prices of these shorts?
Because when shorts are liquidated, they need to buy BTC to close their positions. If a large number of shorts are concentrated in the same price area, it can easily create a chain reaction: price rises → triggers liquidation → shorts buy passively → price continues to rise, which is what we often call a short squeeze market. The more shorts are hunted down, the more fiercely the price rises.
Thus, we monitor the liquidation prices of addresses, essentially to find areas of concentrated liquidity.
You can see this example: the near smart money liquidation area was around 65,000 at the time, and that night the price reached that position.
If there is a smart money liquidation concentration zone near the price, it must be noted particularly. It does not mean that it will definitely rise or definitely fall; it tells you: where a large amount of passive funds will enter, and where it is easy to amplify market fluctuations.
This is a screenshot of the news this morning, when the near smart money liquidation area was still at 70,500~71,500, which has now been broken through. Shorts are still continuing to increase their positions, and the liquidation area is also moving up accordingly.
Here, I would like to highlight our "Smart Money Tracking" indicator.
It can directly mark the buy and sell records, profit and loss lines, liquidation lines, and even order records of smart money on the K-line, allowing you to easily see changes in smart money positions. Addresses can be found in the "On-chain" - "Smart Money" section on the PC side.
This function is very user-friendly, and it also supports card-style display of whale position details, making it easy for everyone to track smart money movements in real time and reference their liquidation zones, especially for the top five addresses in the position ranking.
Previously, to track smart money, you had to find addresses, check transaction records, and manually calculate position changes. Now with this indicator, the steps have been greatly simplified, and you can see price changes and fund movements all in one chart.
To summarize, when monitoring smart money, focus on three points:
First, the adjustments in whale positions—whether they are adding, reducing, or closing positions—are often signals for accelerated or turning market momentum;
Second, the liquidation zones of smart money are excellent references for liquidity, and prices usually gravitate toward areas of concentrated liquidity;
Third, combining the PRO "Smart Money Tracking" indicator and alert function allows real-time capture of whale movements.
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