Hyperliquid & Coinbase whale perps & squeeze risks
Key Questions
What is Hyperliquid's current open interest and volume?
Hyperliquid OI exceeds $7B, with oil at $1.7B volume; whale positions reach $3.42B, longs at $1.766B (51.66%), shorts $1.653B.
Who are the top losing whales on Hyperliquid?
Top two losing addresses on Hyperliquid are BTC short whales with largest holdings; they suffered major drawdowns from shorting BTC.
What recent DeFi hacks occurred in Q1?
Q1 DeFi hacks totaled $169M; Drift lost $270M to nonce attack on Solana, with hacker swapping $285M to 129k ETH. ZachXBT criticized Circle for not freezing funds timely.
What platforms closed markets recently?
dYdX community voted 91% to gradually close 12 markets including JASMY-USD, NEIRO-USD; Drift confirmed active attack, urging users not to interact.
What squeeze risks are present in perps?
BTC shorts face $51M liquidation risk with neg funding; ETH longs vs dumps; largest 24h liquidation was $20M Brent oil long on BRENTOIL.
Which institutions are involved with Hyperliquid-related assets?
Hashdex, Grayscale, Coinbase, Binance; HYPE at 38-43 amid whale perps; Dubai VARA 5x leverage approved.
How did the Drift hack unfold?
Drift exploit via Solana durable nonce, losing $200M+; $230M USDC tracked to exchanges, Circle had 6 hours to freeze but didn't per ZachXBT.
What is the sentiment around Coinbase whale perps?
Coinbase whales active in perps amid squeeze risks; Hyperliquid top BTC shorts lead losses, highlighting volatility in oil/BTC/ETH positions.
Hyper OI$7B+/oil$1.7B vol/BTC shorts$51M/neg funding/ETH longs vs dumps/Q1 DeFi hacks$169M Drift/dYdX closes; HYPE38-43/Hashdex/Grayscale/Coinbase/Binance/Dubai VARA 5x.