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CoinGlass recorded notable activity on Hyperliquid among large traders with balances of $1-50 million, the so-called Tidal Whales. While most participants in this group are positioning for a market decline, one player has rebuilt a large long position in XRP totaling 5.32 million tokens.
The position was opened at $1.4343 using 6x leverage, bringing its notional value to $7.65 million. At the moment, the trade is in loss, generating about $6,300 in unrealized minus.
Particular attention should be paid to the liquidation level — $0.8652. Such a conservative setup confirms that the whale is not targeting short-term speculation on lower time frames but is prepared to hold the position through volatility, focusing on the broader upward trend in XRP.
Why $7.6 million whale long is defying Hyperliquid's bearish trend
Current Hyperliquid data reveals a deep division of opinions within the Tidal Whales segment. Across the platform, these investors are generally bearish. The volume of their short positions stands at $854.47 million, exceeding long positions worth $754.72 million by nearly $100 million.
Despite this overall pessimism, the situation in XRP is different. Here, whales favor longs: $17.74 million versus $16.68 million in shorts.
Why may the XRP long be justified? A strong news backdrop supports the buyer’s confidence:
- Record ETF inflows: Over the past week, U.S. spot XRP ETFs recorded net inflows of $55.39 million.
- Scaling in Asia: XRP has been integrated into the ecosystem of Japanese giant Rakuten with an estimated base of 44 million users.
- XRP chart resilience: The token continues to hold above key moving averages, maintaining its growth structure even after local profit taking near $1.50.
One thing to keep in mind too is that if the market moves higher, a wave of short liquidations among Tidal Bears could provide additional upside acceleration for XRP.
Dan Burgin
U.Today Editorial Team
