A whale deposited 2 million U to HyperLiquid to short HYPE with 2x leverage

On January 28, Bitcoin (BTC) rebounded above $89,000, last trading at $89,141 per Coinglass data. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges show bearish sentiment has eased from yesterday’s levels but still leans bearish. Specific funding rates for top coins are included in the attached chart. **BlockBeats Note**: The funding rate is a fee exchanges set to align perpetual contract prices with the underlying asset’s spot price. It facilitates fund transfers between long and short traders—exchanges do not collect this fee. Its purpose is to adjust holding costs or profits for traders, keeping contract prices close to the spot price. A 0.01% funding rate serves as the baseline: rates above 0.01% signal a broadly bullish market, while rates below 0.005% indicate a generally bearish outlook.

OKX will officially launch the XAGUSDT perpetual contract on its website, mobile app, and API at 8:00 PM UTC+8 on January 28, 2026, with up to 20x leverage available. XAG is the international currency code for one troy ounce of silver.

Per HyperInsight’s monitoring on January 28th, a whale liquidated a long HYPE position at 13:35, netting a $1.86 million profit over 3 days. The address currently holds no positions and is in a wait-and-see stance. The address uses mixed long/short isolated positions, with a recent focus on longs and notable high-frequency trading patterns.

Jan 28 — Polymarket data shows Ethereum co-founder Vitalik Buterin joined the platform with a verified account in March 2023, participating in 141 prediction markets total. His largest single profit was $54.8, while total accumulated losses across all trades hit $1,120. He currently has no open prediction trades. From his trading style, Vitalik favors betting on high-probability events. For example: - About two months ago, he invested $3,867 to bet on *"The Federal Reserve will not raise interest rates by more than 25 basis points in December 2025"* — a near-100% probability scenario — and ultimately made a $3.87 profit. - Three months ago, he placed a total of $600 in bets at 93% and 96% probabilities on *"MetaMask will not launch its own coin in 2025"*. He actively sold the position two months ago at a 97% probability, netting a $25.53 profit. Notably, most of Vitalik’s bet amounts are just $10, with single-trade profits typically only a few cents. But he didn’t start with

On January 28th, per HyperInsight’s monitoring (via its Telegram channel @HyperInsight), a crypto whale closed a 6,967.77 ETH long position at 12:42 ET, locking in a $137,000 profit over the past week. The same address currently holds long positions in gold and silver, with a total unrealized profit of $110,000.