Two Hyperliquid wallets are up $20.7 million on open bets. The crowd is down $2.19 million
DeepSea's weekly data names the biggest paper winners on Hyperliquid, a 40x bitcoin short opened on October 31, and an ether short now 3.3% from forced closing.
Key points
- Wallet SMc060 shows $10.71 million of unrealized profit on $612.00 million of open positions, and $121.13 million of profit over 30 days.
- SM6e36 is next at $9.97 million unrealized. Across all 876 tracked traders, unrealized PnL was minus $2.19 million.
- SM5c34 holds a $5.65 million ether short at 25x with a liquidation price of $2,360. Ether traded at $2,285.21 at 12:39 a.m. ET on November 4.
What DeepSea's data shows
DeepSea's weekly report lists the Hyperliquid traders with the biggest unrealized gains, meaning profit on positions that are still open. Hyperliquid is a large exchange for perpetual futures (bets on price with no expiry date).
The leader, labeled SMc060, has an account worth $124.76 million holding $612.00 million of open positions, about 4.9 times its account value. It shows $10.71 million unrealized and $121.13 million of profit over 30 days. Second is SM6e36: a $105.01 million account, $438.52 million open, $9.97 million unrealized and $97.01 million over 30 days.
Together the top six winners show $42.27 million of unrealized profit. The whole group of 876 tracked traders shows minus $2.19 million, with 487 accounts in profit. DeepSea does not show which coins or sides these six wallets hold.
Data: DeepSea (desea.io), checked November 4, 2026, 12:37 a.m. ET.
The winners table
Size is not everything. SM7d72 runs $110.34 million of positions on an $11.62 million account, nearly 9.5 times its value, and is up $5.66 million. SM53c8 is up $6.05 million on a smaller $57.65 million book.
Largest unrealized winners on Hyperliquid, tracked traders
US$ million
Source: DeepSea weekly report, October 26 to November 1, 2026.
The big moves of the week
Wallet SM6d74 traded ether in and out at 25x leverage: it closed a $63.23 million long on October 29, opened a $54.28 million long on October 30 and closed it on October 31. That same day, SM7d2c opened a $49.29 million ether short at 25x and a $47.77 million bitcoin short at 40x. BobbyBigSize flipped a $40.94 million ether position from short to long at 25x and cut a bitcoin short by $23.59 million.
Who is near the edge now
A liquidation is when the exchange force-closes a leveraged bet because losses ate the margin. DeepSea lists SM5c34 with two shorts: $5.65 million of ether at 25x (liquidation at $2,360) and $5.76 million of SOL at 20x (liquidation at $100.04). At 12:39 a.m. ET on November 4, CoinGecko showed ether at $2,285.21, up 1.7% in 24 hours and about 3.3% below the liquidation price. SOL was $92.56, about 8.1% below.
SM6a52 holds a $2.52 million bitcoin short at 40x with liquidation at $79,480; bitcoin was $77,577. The report does not show whether any of these positions are still open today.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the 30-day numbers matter more than this week's. SMc060 and SM6e36 made about $218 million between them in a month, which points to consistent trading, not one lucky bet.
- The near-liquidation shorts show the risk of the crowd's bearish lean. If ether keeps rising, forced buying from shorts could push it further.
- Paper gains are not profit yet. On books this leveraged, with SM7d72 running nearly 9.5 times its account value, open gains can shrink fast.
What's next
- Whether SMc060 and SM6e36 lock in their paper gains
- Ether near $2,360 and SOL near $100
- SM7d2c's 40x bitcoin short
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, Weekly Smart Money & Global Money Flows Report, October 26 to November 1, 2026 (read November 4, 2026, 12:37 a.m. ET)
- CoinGecko, Ethereum price (November 4, 2026, 12:39 a.m. ET)
- CoinGecko, Solana price (November 4, 2026, 12:39 a.m. ET)
- CoinGecko, Bitcoin price (November 4, 2026, 12:39 a.m. ET)
