Surveillance · Hyperliquid · data snapshot 2026-09-08 01:16 UTC · auto-refresh every ~2 h · whale snapshots — every 30 min
This is a Hyperliquid whale tracker and a crypto liquidation heatmap measured from real whale positions — not modeled from assumptions. We track 246 of the largest whale wallets on Hyperliquid — among them Wintermute, Jump Crypto, Auros Global, Flowdesk and 4 more — and snapshot their positions every 30 minutes. The crypto liquidation map below shows how much whale capital will be force-closed at each distance from the current price. That is cascade fuel: when price reaches a cluster, liquidations push it further.
Our partner Hyperliquid is the largest decentralized (on-chain) perpetual futures exchange — which is exactly why whale positions there can be read straight from the blockchain instead of being modeled. Our link gets you −4% on fees; it does not affect the analysis.
each column is a snapshot from our archive, 30 days · brighter = more whale capital liquidating at that price · white line is spot
each column is a snapshot from our archive, 30 days · brighter = more whale capital liquidating at that price · white line is spot
7 days · $250k floor · 174 operations above it · as of 07.09 08:29 UTC
| Coin | Channel | In | Out | Where it went |
|---|---|---|---|---|
| USDC | bridge | $95.61M | $27.39M | exchange $19.50M · known player $7.89M |
| BTC | Unit | $10.79M | $16.40M | known player $13.36M · exchange $2.49M · unverified $549k |
| ZEC | Unit | $10.28M | $6.52M | private $6.52M |
| ETH | Unit | $5.58M | $4.06M | known player $2.88M · unverified $747k · exchange $436k |
| SOL | Unit | $4.40M | $940k | known player $940k |
Inside the exchange, never crossing the border: USDC $1131.82M · HYPE $280.84M · UBTC $75.50M · UZEC $27.43M · UETH $19.95M. These are transfers between Hyperliquid accounts — neither inflow nor outflow.
Stablecoins: the Hyperliquid ledger reports only the withdrawal amount, so the recipient comes from the Arbitrum bridge log, matched to the cent. Native coins (BTC, ETH, SOL) enter and leave via Unit, which reports the native-chain address. “Private” means verified and unnamed — provably not an exchange; unverified addresses are never labelled that way. Self-assigned nicknames don't count as names.
The full log of these operations — names, addresses and the withdrawal queue — every evening at 19:00 in the Analyst evening update. Access levels →
latest BTC & ETH events · positions from $1M · 🏛 institutional class · 🐋 top 30 by volume · click a codename — that whale’s actions · +78 events on other markets
| time | event | market | position size | fragility | codename · wallet |
|---|---|---|---|---|---|
| Sep 8 01:16 UTC | adding +30% | BTC | $6.5M | leverage ×6 | DISTANT CYCLONE 0x8853…8249 |
| Sep 8 00:16 UTC | adding +25% | BTC | $5.1M | leverage ×5 | DISTANT CYCLONE 0x8853…8249 |
| Sep 8 00:16 UTC | fully exited | ETH | $2.3M | leverage ×9 | NORTHERN TUNGSTEN 0x9c68…7783 |
| Sep 8 00:16 UTC | adding +122% | BTC | $6.0M | leverage ×44 | LIGHT MONSOON 0x90b5…b010 |
| Sep 8 00:16 UTC | fully exited | BTC | $2.5M | leverage ×24 | POLAR IRIDIUM 0xd83c…193d |
| Sep 8 00:16 UTC | opened a position | ETH | $2.8M | leverage ×8 | DARK TRAWL 🐋 0x3bca…66f3 |
| Sep 7 23:46 UTC | opened a position | BTC | $4.1M | leverage ×4 | DISTANT CYCLONE 0x8853…8249 |
| Sep 7 23:46 UTC | fully exited | BTC | $3.1M | leverage ×37 | HEAVY HARPOON 🐋 0x10f1…202f |
| Sep 7 23:46 UTC | fully exited | ETH | $2.0M | leverage ×8 | DARK TRAWL 🐋 0x3bca…66f3 |
| Sep 7 23:16 UTC | flipped direction | BTC | $3.1M | leverage ×37 | HEAVY HARPOON 🐋 0x10f1…202f |
| Sep 7 23:16 UTC | fully exited | BTC | $2.0M | leverage ×2 | DISTANT CYCLONE 0x8853…8249 |
| Sep 7 22:46 UTC | trimmed | BTC | $8.1M | leverage ×3 | DRY TUNGSTEN 0x7fda…17d1 |
| Sep 7 22:46 UTC | adding +27% | BTC | $37.3M | leverage ×3 | QUIET STORMGLASS 🏛 0xecb6…2b00 |
| Sep 7 22:46 UTC | trimmed | BTC | $3.8M | leverage ×2 | POLAR RADIAN 🐋 0xfc27…9d9d |
| Sep 7 22:46 UTC | fully exited | BTC | $4.0M | leverage ×23 | OUTER SEXTANT 🐋 0x1ee7…edf5 |
| Sep 7 22:46 UTC | fully exited | BTC | $31.6M | leverage ×10 | NIGHT BASALT 0x9e2c…5508 |
| Sep 7 22:46 UTC | adding +74% | BTC | $3.9M | leverage ×1 | SHARP CRYOLITE 🐋 0x31de…13f2 |
| Sep 7 22:46 UTC | adding +30% | BTC | $8.3M | leverage ×6 | POLAR RADIAN 0xd4c1…3d1d |
| Sep 7 22:16 UTC | opened a position | BTC | $12.0M | leverage ×29 | NORTHERN FAIRWAY 0x9311…e7a3 |
| Sep 7 22:16 UTC | adding +27% | BTC | $6.4M | leverage ×6 | POLAR RADIAN 0xd4c1…3d1d |
| Sep 7 21:46 UTC | opened a position | BTC | $2.9M | leverage ×40 | HEAVY HARPOON 🐋 0x10f1…202f |
| Sep 7 21:46 UTC | trimmed | ETH | $2.8M | leverage ×10 | HIGH CALIPER 0x0c4a…1b19 |
The feed shows the last 2 days. Any whale’s full history since tracking began, its current positions and an unrestricted feed — 💠 with a subscription.
these charts thicken on their own — the collectors write around the clock · impossible to reconstruct after the fact
How to read: the cyan line is capital in shorts (liquidated when price moves UP — it feeds rallies), the red one is longs (flushed by a drop). A rising line → cascade fuel is building up on that side. Hover for exact totals at any moment; the buttons add ETH and overlay the asset price, so you can see how whales reacted to the move.
How to read: these are real forced closures on two coin-margined OKX swaps — BTC-USD and ETH-USD (a market sample that moves in sync with the cascades, not the whole market; Deribit does not publish such data), not just the 230 whales we track — their personal liquidations show up in the feed below as “liquidated”. Columns pointing up — shorts got squeezed out; down — longs got flushed. Hover for exact per-asset totals for each day.
Position direction (long/short) and the link to Deribit option trails (“two instruments”) — in the daily briefing. All access levels — on the Access page.
📊 Data — from Deribit (options) and Hyperliquid (futures). Both venues are our partners: signing up through our links gets you −10% / −4% off fees; it does not affect the analysis.
We map the liquidation levels of large holders on the Hyperliquid perpetuals exchange and overlay the flow of block trades in Deribit options. These are measured positions read from the chain, not modeled guesses, and they update through the day.
A liquidation heatmap marks the price zones where over-leveraged positions get force-closed. A brighter or larger cluster means more capital — more fuel — parked at that level, and price tends to get pulled toward those clusters once it comes close.
No. It shows where the fuel sits, not which direction price will go. It is context, not a signal — use it to understand where a move could accelerate, not to be told what happens next.
Fragility is how close a leveraged position sits to its liquidation price, given its leverage and margin. A fragile position gets knocked out by a small move — so clusters of fragile whale capital show where a cascade could start. In the event feed we label each position's leverage precisely as a fragility hint.
On its own — no, and our own decision journal confirms it. Copying a whale's direction is not a strategy: whales on perpetuals are often hedged elsewhere, structurally short, or simply wrong. The value is context — which structures whales hold in which market regime, and where their forced exits could accelerate a move. We publish wins and losses alike; nothing here promises profit.
No — and that is a methodology choice, not a gap. Binance positions are not public, so any Binance liquidation heatmap is a model estimate built from aggregated open interest. Our map covers Hyperliquid, where whale positions live on-chain: every level is a real wallet's exact liquidation price. If you want the whole market estimated, use an aggregator; if you want one venue measured, that is this page.
The map tracks BTC and ETH whale positions on Hyperliquid perpetuals — the same exposure a BTCUSDT chart shows, measured per wallet instead of estimated per exchange. Levels are recomputed from fresh on-chain snapshots every 30 minutes.
Addresses are public blockchain data, without personal labels. The system’s surveillance journal, not investment advice. Liquidation levels shift with wallet margin. © 2026 INDICIA DESK.