Bullish Frenzy? Not If You Follow Top Hyperliquid Whales - Coinspeaker

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### Key Notes* Most of the retail and whale addresses are betting on longs on Hyperliquid.* The leading 100 whales took a “very bearish” stance despite the slight upward momentum.* Market sentiment has returned to the neutral zone.Whales have always been impactful on the volatile cryptocurrency market, but this time, they’re going against most of the traders. The majority of addresses that are worth over $50 million on the decentralized exchange Hyperliquid are betting on shorts, according to data from CoinGlass. Their short positions are currently worth $3.3 billion while the longs stand at $1.34 billion.Called “Leviathans” on CoinGlass, they are betting against the majority of the crypto market despite the slight bullish momentum today. The global crypto market cap rose by 1.4% in the past 24 hours and is currently sitting at $3.72 trillion, according to CoinMarketCap data.Related article: Hyperliquid Outage: Team Shuns Hack Rumors, Blames Traffic BlowoutBitcoin  BTC$114 51324h volatility:0.8%Market cap:$2.28 TVol. 24h:$24.82 B  is trading at $114,700. Ethereum  ETH$3 55024h volatility:2.6%Market cap:$428.84 BVol. 24h:$20.10 B  gained 2.7% and rose to $3,550.## Who’s Printing Money on Hyperliquid?Out of the over 120,000 active addresses on Hyperliquid, tracked by CoinGlass, only 165 have been making profits of over $1 million. The total position value of these addresses reaches $3.47 billion with a “slightly bearish” take.On the other hand, 81 wallets that have been “very bearish” are taking huge losses due to the market-wide rise.The crypto market sentiment remains neutral. According to CoinMarketCap data, the fear and greed index is currently at 52, down by 10 points from July 31’s 62.The start of the outflows from spot BTC and ETH exchange-traded funds brought bearish momentum to the market. The negative sentiment from the Hyperliquid “Leviathans” might add to the market’s correction.However, bull market indicators on CoinGlass remain stable. The Bitcoin whale accumulation is still a notable positive driver for the broader market as well.nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.