The bulls have suffered a setback, with the top 50 profit-making addresses on Hyperliquid for both BTC and ETH all being short sellers.

According to Mars Finance, on December 16th, Coinbob's hot address monitoring showed that the top 50 addresses in terms of BTC and ETH holding profits were all short positions. Currently, the top-ranked addresses in terms of profit and short position size are "Ultimate Short" and "Largest Short on Hyperliquid for ZEC," respectively, both with floating profits exceeding $10 million. The details are as follows: "Ultimate Short" BTC short position: approximately $62.19 million, average price $115,000, liquidation price $97,000, floating profit $18.17 million; "Largest Short on Hyperliquid for ZEC" ETH short position: approximately $92.54 million, average price $3,377, liquidation price $4,163, floating profit $14.2 million. The long positions are almost entirely losing money, with the top-ranked addresses in both BTC and ETH being "BTC OG Insider Whale," with a total floating loss of nearly $52 million. The addresses with the second-largest long positions are "pension-usdt.eth" and "CZ counterparty". The general information is as follows: "BTC OG Insider Whale": ETH holdings approximately $559 million, average price $3167, liquidation price $2077, unrealized loss $45.7 million; BTC holdings approximately $86.31 million, average price $91,500; unrealized loss $5.31 million; "pension-usdt.eth": Holding approximately $86.3 million, average price $86,000, liquidation price $46,900; unrealized loss $3,000; "CZ counterparty": Holding approximately $167 million, average price $3190, liquidation price $2646; unrealized loss $14.84 million.