The No. 1 smart money trader is short $474 million of crypto and up $45.7 million on paper

What DeepSea's data shows

DeepSea's Smart Money board ranks wallets with strong trading records by profit over the last seven days. At about 8:49 p.m. ET on November 9, SMc060 was No. 1 at +$36.67 million on $182.03 million in assets. SM6e36 was No. 2 at +$31.38 million on $183.62 million. Twenty hours earlier the order was reversed, with both near +$23.3 million.

SMc060's trader page lists 19 short positions worth $474.4 million and one small long (LIT, $28,200). A short is a bet that the price falls. The five biggest: BTC $176.58 million (entry about $76,400, 5x leverage), ETH $121.56 million (about $2,300, 5x), SOL $54.12 million, HYPE $47.41 million and ZEC $42.73 million. The page shows unrealized profit (paper gains on open trades) of $11.67 million on ZEC, $11.45 million on ETH, $5.16 million on SOL and $3.29 million on BTC. All 20 positions add up to about +$45.7 million.

The account also holds $134.27 million in USDC and 533,100 HYPE tokens worth $41.50 million. Its 30-day profit is +$105.81 million on $405.57 million of volume, up from +$87.34 million on the morning of November 9.

Data: DeepSea (desea.io), checked November 9, 2026, 9:03 p.m. ET.

Checked against market prices

We compared the entry prices on DeepSea with CoinGecko at 9:04 p.m. ET. Bitcoin traded at $74,952 (down 0.2% in 24 hours), about 1.9% under the short's entry. Ether was at $2,121.49, about 8% under. Zcash was at $1,161.69, down 5.9% in a day and more than 20% under the ZEC entry near $1,500. SOL ($86.11), XRP ($1.098) and HYPE ($74.41) were also below their entries. That matches the direction of every gain DeepSea shows.

The math is simple: a $121.56 million ETH position at $2,121 is about 57,300 ETH. Each $1 drop in ether adds about $57,300 to the short.

The top of the board

The top 10 traders on the board show $145.87 million of 7-day profit, up from $129.55 million at 12:35 a.m. ET the same day. SMffa1 is third at +$13.81 million. All of the top 10 trade perpetual futures (contracts with no expiry date) on Hyperliquid.

SM6e36's page shows +$86.65 million over 30 days on $580.22 million of volume. It listed no open positions when we checked.

What could go wrong

Paper profit is not locked in. If prices bounce, the gains shrink, and at 5x leverage each 1% rise costs about 5% of the margin behind a position. DeepSea does not show liquidation prices or how much of the account's USDC backs these trades, and it does not say whether the HYPE tokens hedge the HYPE short. We could not open Hyperliquid's own data for this check, so the positions rest on DeepSea's page and CoinGecko's prices.

What's next

• Whether SMc060 closes the BTC and ETH shorts or adds to them
• Whether bitcoin climbs back above about $76,400, the short's entry
• Whether SM6e36 opens new positions and retakes first place