Hyperliquid (HYPE) "Money Printer" Traders Flip $60 Million Net Short
Key Takeaways
- •Data from Coinglass indicates that the most profitable trader group on Hyperliquid, called the "Money Printer" cohort, now holds a net short position valued at approximately $60 million.
- •The "Money Printer" group is defined as wallets holding more than $1 million in cumulative profit, placing it at the top of Hyperliquid's tracked profit tiers.
- •A net short of this scale means the cohort's combined short exposure exceeds its long exposure, so the position gains mechanically if prices fall.
- •The move represents a reversal, as the group had previously maintained positioning aligned with further gains.
- •Hyperliquid's on-chain settlement allows such positioning shifts to be independently verified from public records, a level of transparency that centralized venues generally do not provide.
The traders who have built the largest profits on Hyperliquid (HYPE) are no longer positioned for further upside. Profit-and-loss (PnL) positioning data published by Coinglass shows that the exchange's top-earning cohort — the so-called "Money Printer" group of wallets — has flipped to a net short position of approximately $60 million.
In derivatives terms, a net short of that size means the cohort's combined short exposure now exceeds its long exposure by roughly that amount — a posture that gains mechanically if the underlying price falls. Because Hyperliquid settles positions on-chain, the figure reflects observable wallet placements rather than self-reported sentiment.
According to the data, the "Money Printer" bucket comprises wallets holding more than $1 million in cumulative profit, making it the highest profit tier among traders tracked on Hyperliquid. The move marks a reversal from the group's earlier positioning, which had been aligned with continued upside.
Hyperliquid is a decentralized derivatives exchange that operates an on-chain order book on its own Layer-1 blockchain, offering perpetual futures trading with self-custodied funds. Its native token, HYPE, was distributed to early users in November 2024 through one of the sector's largest token airdrops, and the platform has since grown into one of the most active venues for on-chain perpetuals trading. Because trading activity on Hyperliquid is recorded on-chain, analytics providers such as Coinglass aggregate wallet-level PnL data and group traders into tiers based on cumulative gains, providing a public view of how different profit cohorts are positioned at any given time.
That on-chain transparency is part of why cohort-level shifts like this one draw attention: positioning on Hyperliquid can be independently verified from public records, a degree of visibility that trader positions on centralized venues generally do not offer. As Coinglass refreshes the tier breakdown with each change in wallet positions, the size and direction of the "Money Printer" group's net exposure remains trackable in the same public dataset.
This content was first published on COINOTAG on October 4, 2026: https://en.coinotag.com/hyperliquid-hype-money-printer-traders-net-short-60m
