This week's worst crypto influencer lost $2.84 million and still bets $27.6 million on a fall
DeepSea shows the KOL wallet mk4 on Hyperliquid holding 11 short positions, led by $7.82 million against ether and $7.69 million against bitcoin, while both coins rose overnight.
Key points
- mk4 is last on DeepSea's 7-day KOL board at minus $2.84 million, and minus $3.29 million over 30 days.
- Its Hyperliquid wallet holds 11 open shorts worth about $27.6 million, with about $879,000 in unrealized losses.
- The biggest are an ETH short of $7.82 million and a BTC short of $7.69 million, both at 15x leverage.
What DeepSea's data shows
On DeepSea's KOL leaderboard, read at 12:45 a.m. ET on November 5, 2026, the account labeled mk4 is the worst of 152 KOLs over seven days, at minus $2.84 million. Its 30-day figure is minus $3.29 million.
Its wallet page shows one wallet on Hyperliquid, a perpetual futures exchange (contracts with no expiry date). The page lists 11 open short positions, bets that prices fall, worth about $27.6 million combined. Their unrealized PnL (paper profit or loss on trades still open) adds up to about minus $879,000.
Data: DeepSea (desea.io), checked November 5, 2026, 12:46 a.m. ET.
The positions
Two trades make up more than half the total. DeepSea shows an ETH short of $7.82 million entered near $2,300, at 15x leverage, down $349,400. A BTC short of $7.69 million entered near $78,200, also 15x, is down $211,200. Leverage of 15x means a 1% price move changes the position's value by about 15% of the margin behind it.
The rest are shorts on AAVE ($2.98 million), UNI ($2.61 million), BNB ($2.55 million), LINK ($1.53 million), ARB ($1.02 million) and four smaller ones. Only the OP short was in profit, by $6,900.
mk4's largest open shorts on Hyperliquid
US$ million
Source: DeepSea, mk4 wallet page, read November 5, 2026, 12:46 a.m. ET.
The market moved the other way
At 12:47 a.m. ET, CoinGecko priced bitcoin at $80,433, up 3.5% in 24 hours, and ether at $2,421.60, up 5.5%. Both are above the entry prices DeepSea shows, so the two biggest shorts are underwater.
The latest orders, about 40 minutes before our check, were a string of BTC and ETH sells, most under $30,000 each. DeepSea does not say whether they added to the shorts.
Bigger picture
The wallet is not broke. DeepSea values its holdings at $18.99 million, including $17.34 million in USDC, and shows +$15.72 million over 90 days. A bad week came after a very good quarter.
What happens if prices keep rising
A short pays when the price falls and loses when it rises. If prices keep climbing, a leveraged short can hit its liquidation price, where the exchange closes it automatically. DeepSea does not show mk4's liquidation prices, so that distance is unknown.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the open shorts matter more than the past loss. With $15.5 million of 15x shorts on BTC and ETH, a further rise would deepen the paper loss quickly, while a drop would erase it just as fast.
- A large account can hold a losing trade much longer than a small follower. Copying a leveraged short from a leaderboard means copying the risk without the $17 million cushion.
What's next
- Whether mk4 closes or adds to the ETH and BTC shorts
- Whether the 7-day loss grows past minus $2.84 million
- BTC and ETH prices against the $78,200 and $2,300 entries
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- DeepSea, KOLs & Sharks leaderboard, 7D view, all 152 rows (read November 5, 2026, 12:45 a.m. ET)
- DeepSea, KOL page mk4: PnL, holdings, open positions, latest orders (read November 5, 2026, 12:46 a.m. ET)
- CoinGecko, Bitcoin (BTC) price (November 5, 2026, 12:47 a.m. ET)
- CoinGecko, Ethereum (ETH) price (November 5, 2026, 12:47 a.m. ET)
