Daily Whale Report: October 24, 2026

Several tracked wallets converged on BTC within the hour. Over the last 24 hours, the wallets we track on Hyperliquid moved $296.3M in trades of $50,000 or larger, and 2% of that went into tokenized-stock perps.

When the desks we follow move together like this, it is usually worth a closer look. Here is where the money actually went.

The tape

Start with the wider board the whales were trading into. Bitcoin held about flat near $80.9K, Ethereum fell 1% to around $2.4K, and Solana held about flat near $102. As it stands now, funding on Bitcoin is positive, meaning longs are the side paying to hold.

The day in numbers

What stood out

A wallet we follow bought $1.7M of BTC, roughly 4.0x the size it usually trades in that market. That runs with the rest of the board, which is leaning the same way on BTC.

Hidden Spread bought $1.0M of XRP, then bought $783K of HYPE — all inside the same 24 hours. Stacking size across XRP and HYPE the same day is one desk concentrating risk, not spreading it.

One of the desks on our list bought $979K of BTC, roughly 2.5x the size it usually trades in that market. BTC barely budged on the day, in a market that now carries $3445.4M of open interest, so this reads as positioning ahead of a move rather than chasing one. It also lines up with BTC being the busiest market across every wallet we tracked today.

One of the wallets we watch, up 62% over the last 30 days and among the top 23% of the wallets we track bought $1.0M of ETH, roughly 2.5x the size it usually trades in that market. It was already holding ETH coming into the day, so this is a desk pressing a position it likes rather than opening a new one.

Separately, 4 different wallets we track sold BTC inside a single hour, $819,616 between them. Independent desks arriving at the same trade in the same window is the kind of alignment that rarely happens by accident.

The tokenized-stock story

$4.6M of today's tracked flow, 2% of everything the wallets touched, went into tokenized-stock perps — leveraged, on-chain bets on names like the S&P 500 or a semiconductor index (how these work). The busiest were . That positioning tends to show up in public wallets before it shows up in the price, which is the whole reason to watch it.

One wallet to watch

One desk did more of the heavy lifting than any other. One of the desks on our list, up 75% over the last 30 days and among the top 20% of the wallets we track moved $1.7M today, working across BTC. It also carries a 60% win rate, which is part of why it earns a place on our list.

As of now it is holding a $56.6M short in ETH, a $22.1M short in BTC, a $20.5M long in xyz:SKHY. Those are live, and you can watch them change in real time.

Worth flagging: that short in ETH runs against the rest of the book, which is sitting net long on the same name. The most active desk on the day is leaning against the crowd.

The standout performer

A desk we track came into the day with one of the stronger recent records on our list: up 86% over the past week on a 92% win rate, and 197% over the past month. Today it stayed busy in HYPE. Right now it is holding a $690K long in HYPE, live and moving in real time. A run like that is the reason to watch a wallet before it acts, not after — the record is public, and so is the next trade.

What we are watching next

One thing stands out heading into tomorrow. Tracked wallets are sitting on a combined $82.0M net long in BTC, the clearest positioning lean on the board right now. Where the biggest desks are already leaning is the thread worth pulling into tomorrow.

The takeaway

The point of reading on-chain is simple. The trades are public, the wallets are public, and the positioning shows up before the story does. You can follow the same flow as it updates on the Mirror-X scanner. The same markets these wallets trade are live on the Mirror-X terminal.