PANews reported on October 20 that according to Lookonchain monitoring, two whales seem to still be bearish - they are increasing their short positions.

• 0x8c58 deposited 5.38 million USDC to Hyperliquid 2 hours ago and opened a 20x short position of 1,500 ETH (worth $6.06 million).
• 0x939f deposited 4.5 million USDC into Hyperliquid over the past 20 hours, increasing his BTC short position to 394 BTC (worth $43.7 million). The trader also shorted SOL, XRP, and ETH.