Look beyond the whale alert
Don't Get Rekt Copytrading.
Saw a whale's $200M short? Check before you follow. Find out what the data shows: a directional bet, a hedge, or a market maker's inventory.
Address, Hypurrscan or Hyperliquid link · No wallet connection
More than one wallet found. Choose the address to check:
Checking a whale alert?
Open the alert’s wallet or explorer link and copy the 0x wallet address. You can also paste alert text containing the address. An X post URL alone does not contain the wallet data.
For example: “A whale opened an ETH short · wallet 0x…” - paste the full wallet address, then choose ETH from the positions found.
Positions, orders, fills and PnL from HyperliquidBalances from public nodesFunding links from Blockscout
Still reading sources. A live check can take up to 45 seconds; the answer will identify any sources that did not finish.
Big positions. Different stories.
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Verdict
Evidence
From Nansen:
Since last read
Blind spots
Not visible to this tool: centralized exchanges, OTC deals and wallets with no on-chain link to this address.
Not read this time
Spot coverage
Full analysis
Metrics, rules, sources and alert assertions
Market and quote observations
Counts as a new check against the rate limits. Exposure checks work without this context.
How this was decided
Technical details: reason code , rules . The full rule table.
All evidence
Wallets that funded this account - they hold the matching asset, which is not the same as this account holding it
Funding links are observed; common ownership is unverified.
Notes on this reading
Data from Nansen
Check an assertion from the alert
Uses this dated reading only. Evidence supports an interpretation, not the owner’s intent. No extra provider calls.
What these terms mean
- Book
- Evidence of market-making inventory: meaningful buy and sell orders in this position's market. The grade counts corroborating signals, not a probability or a recommendation.
- Spot-covered short
- Matching spot at this address covers roughly the size of the short. It does not establish safety, shared collateral or the absence of off-chain debt.
- Perp / spot
- A perpetual contract tracks an asset's price; spot is the asset held directly.
- Net / gross exposure
- Net subtracts short dollars from long dollars; gross adds both. Different assets can still move independently.
- Resting orders / two-sided quoting
- Unfilled limit orders waiting to trade; bids and asks in the same market. Reduce-only exit orders do not count here.
- Fills / maker
- Executed trades. A maker supplies the resting order that another trader takes.
- Open interest
- The total value of outstanding perpetual contracts in a market.
- Main dex / HIP-3
- Hyperliquid's main perpetual exchange and independently deployed perpetual markets on Hyperliquid.
- Funding / cross leverage
- Periodic payments between longs and shorts; cross margin shares collateral between positions.
- First funder
- A wallet that transferred funds to this address. A transfer alone does not establish common ownership.
Not visible to this tool: centralized exchanges, OTC deals and wallets with no on-chain link to this address.
What next?
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From a headline to the evidence
Find the position
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Look for the other side
Compare matching holdings, linked funding wallets and two-sided orders using Hyperliquid, public node and Blockscout data.
See what holds up
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Saved
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Monitor (pilot): checks every ~4 h for 72 h, 4 slots. The public wallet and question are stored on our server. Alerts appear on the card; the shared rate limits can pause checks.
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Saved readings
Explore
Learn what large positions do and do not reveal. Every case has a date and evidence; these are saved readings, not a live market overview.
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Selected evidence cases. Opening one is free and does not run a new check.
Saved Hyperliquid positions
How these were picked, and the readings made under earlier rules
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