Hyperliquid contract balance decreased by $1.5 billion compared to the beginning of the month, as some traders withdrew funds or closed positions to adopt a wait-and-see approach.

On November 12th, according to Defilama data, since November, the open interest on Hyperliquid has witnessed a decrease of approximately $1.53 billion. Some previously active traders and whale addresses have either closed their positions to adopt a wait-and-see stance or withdrawn. Based on Coinbob's popular address monitoring: The "100% Win Rate Whale" was liquidated on November 10th. The last trade was a ZEC short, resulting in a monthly loss of $31.8 million. The remaining funds were used to purchase spot SOL. The "BTC OG Insider Whale" was liquidated on November 11th. The last trade was an ETH long, and $41.2 million has been withdrawn to the Binance exchange. Also reported by HyperInsight monitoring: The "1011 Flash Crash Brave ETH Bull" whale was liquidated on November 5th. The last trade was an ETH long, resulting in a monthly loss of $15.11 million. $2.17 million has been withdrawn to the Binance exchange. The popular coin trader (0xfc8) went flat on November 3rd, holding $7.55 million in the account. The last trades were VIRTUAL and SOL long positions. The post-00s trader 0xRay closed positions on November 11th. There was $2.68 million remaining in the account. The last trade was an ETH short. The leader of the "Whale Hunting Operation," KOL, was liquidated on November 6th. The last trade was an XPL long, and $2.2 million remained in the account. The former TRUMP top holder whale was liquidated on November 4th. The last trade was a SOL short, and the funds have been withdrawn to the OKX exchange. Andrew Kang's associated address was liquidated on November 3rd. The last trade was a VIRTUAL long.