← Back to market changes
BTCETHSOLHYPEXRP
Observed Hyperliquid wallet · BTC position history

BTC wallet #88 reduced to a $190.0K short

0x5ad96a3986b9d2cfab1d39c68002edd17263f5ef

Research the observed state, material changes and coverage for this wallet-market pair. A wallet record describes what was observed; it does not identify the owner or predict the market.

How to investigate a Hyperliquid wallet →
short BTCWatch this wallet
Latest attempt Observed successfully16.8% observed at that changeFixed wallet frameHow to read this →
Stable research record

Cite or save this observation

The page keeps the wallet, observation window, coverage and source together so a reader—or an AI system—can verify the claim.

Isobath, BTC wallet record for 0x5ad96a3986b9d2cfab1d39c68002edd17263f5ef. Observation window: 2026-09-11 17:37:24.065Z–2026-09-11 23:36:52.285Z. Coverage at the change: 16.8%. Observed rank after the change: #88. Observed account state and material changes on Hyperliquid; not a claim about identity, intent, or future price. Source: https://isobath.io/markets/btc/wallets/0x5ad96a3986b9d2cfab1d39c68002edd17263f5ef?event=evt_12c4719d05dc7fa030e82020
Read the methodology →Browse research →
Selected change

Reduced exposure

top-100 observed BTC wallet

−$92.7K-32.8%
$282.7K → $190.0K #88 by observed BTC exposure 0.04% of observed exposure

Material observed change: ranked by absolute material change.

→ · event ID evt_12c4719d05dc7fa030e82020
Latest material actionIncreased exposure$190,309.46 → $303,228.09
Account value$886,159.85
Free collateral$352.30
Margin used$885,807.56
Current observed position

BTC short

$303.2K
Size-3.9248
Entry$77,635.70
Liquidation$517,789.79
Leverage2× cross
Unrealized PnL$1,470.64

Recent behavior: this wallet has increased exposure and reduced exposure in BTC over the last 23 days.

A comparable reduction of $83.7K was observed on 3 September 2026.

Historical context

How notable is this change?

This comparison uses the wallet's own recorded 107 prior position changes. It describes observed behaviour, not intent or a forecast.

Typical change$87.0K
This change1.1× typical
Same-direction prior changes53
Same direction in current frame266 of 468

A similarly sized change in the same direction was observed on 11 September 2026.

This is within the range of the wallet's recorded changes. The comparison is limited to observed history.

Wallet record

Observed behaviour

Counts from this wallet's stored changes in BTC. They describe what was observed, not why it happened.

Position changes108
Opened / closed0 / 0
Increased / reduced54 / 54
Flips0
Collateral changes0
Largest observed moveunavailable
Observed account capacity

Current account snapshot

Latest successful values from the wallet record. No collateral change is claimed where none was recorded.

Withdrawable collateral$352.30
Account value$886,159.85
Margin used$885,807.56
Recorded
Observed account state

Risk posture changes

Isobath records these account values alongside each position event. They show how the observed account state changed; they do not predict liquidation or explain intent.

Increased exposureBTC account state
Liquidation price$785,044.11 → $517,789.79Account value+$19.2KMaintenance margin−$9.1K
· observed state change
Increased exposureBTC account state
Liquidation price$798,239.18 → $518,580.80Account value−$17.0KMaintenance margin−$12.9K
· observed state change
Reduced exposureBTC account state
Liquidation price$540,612.04 → $785,044.11Account value−$204.5KMaintenance margin−$32.8K
· observed state change
Reduced exposureBTC account state
Liquidation price$565,502.34 → $777,753.87Account value−$93.7KMaintenance margin−$11.7K
· observed state change
Reduced exposureBTC account state
Liquidation price$482,915.13 → $540,612.04Account value+$52.4KMaintenance margin+$17.3K
· observed state change
Reduced exposureBTC account state
Liquidation price$441,360.92 → $543,700.72Account value+$28.1KMaintenance margin+$9.6K
· observed state change
Increased exposureBTC account state
Liquidation price$550,151.07 → $471,873.72Account value+$24.9KMaintenance margin+$4.3K
· observed state change
Reduced exposureBTC account state
Liquidation price$415,719.45 → $492,609.18Account value−$27.6KMaintenance margin−$3.3K
· observed state change
Reduced exposureBTC account state
Liquidation price$416,846.02 → $483,869.82Account value−$4.1KMaintenance margin+$6.6K
· observed state change
Increased exposureBTC account state
Liquidation price$537,159.43 → $415,719.45Account value+$47.1KMaintenance margin+$544.5
· observed state change
Position over time

Observed BTC exposure

Long above zero. Short below zero. Failed observations remain visible gaps rather than invented continuity. Markers connect changes to the nearest preserved observation -- select one to jump to its exact values below.

Selected comparison beganSelected comparison ended$186.1K short · 24 Aug, 16:35$176.4K short · 24 Aug, 22:35$265.4K short · 25 Aug, 04:36$204.1K short · 25 Aug, 10:36$217.8K short · 25 Aug, 16:36$208.8K short · 25 Aug, 22:36$196.9K short · 26 Aug, 04:36$228.4K short · 26 Aug, 10:36$209.3K short · 26 Aug, 16:36$218.8K short · 26 Aug, 22:36$198.9K short · 27 Aug, 04:36$262.0K short · 27 Aug, 10:36$189.7K short · 27 Aug, 16:36$227.8K short · 27 Aug, 22:36$144.9K short · 28 Aug, 04:36$189.5K short · 28 Aug, 10:36$158.3K short · 28 Aug, 16:36$93.1K short · 28 Aug, 22:36$178.4K short · 29 Aug, 04:36$96.6K short · 29 Aug, 10:36$70.1K short · 29 Aug, 16:36$76.8K short · 29 Aug, 22:36$218.7K short · 30 Aug, 04:36$198.5K short · 30 Aug, 10:37$312.4K short · 30 Aug, 16:37$354.9K short · 30 Aug, 22:37$215.7K short · 31 Aug, 04:37$453.2K short · 31 Aug, 10:37$479.4K short · 31 Aug, 16:37$238.7K short · 31 Aug, 22:37$141.4K short · 1 Sept, 04:37$145.8K short · 1 Sept, 10:37$182.6K short · 1 Sept, 16:37$117.0K short · 1 Sept, 22:37$94.2K short · 2 Sept, 04:37$107.4K short · 2 Sept, 10:37$97.7K short · 2 Sept, 16:37$139.8K short · 2 Sept, 22:37$94.3K short · 3 Sept, 04:37$125.9K short · 3 Sept, 10:37$175.9K short · 3 Sept, 16:37$151.5K short · 3 Sept, 22:37$145.8K short · 4 Sept, 04:37$122.4K short · 4 Sept, 10:37$103.5K short · 4 Sept, 16:37$34.3K short · 4 Sept, 22:37$23.3K short · 5 Sept, 04:37$105.4K short · 5 Sept, 10:37$23.2K short · 5 Sept, 16:37$38.1K short · 5 Sept, 22:37$183.7K short · 6 Sept, 04:37$275.5K short · 6 Sept, 10:38$260.7K short · 6 Sept, 16:38$229.2K short · 6 Sept, 22:38$335.9K short · 7 Sept, 04:38$320.7K short · 7 Sept, 10:38$308.3K short · 7 Sept, 16:38$438.4K short · 7 Sept, 22:38$434.4K short · 8 Sept, 04:38$407.1K short · 8 Sept, 10:38$413.8K short · 8 Sept, 16:38$499.2K short · 8 Sept, 22:38$196.4K short · 9 Sept, 04:38$241.2K short · 9 Sept, 10:38$299.0K short · 9 Sept, 16:38$404.8K short · 9 Sept, 19:01$333.7K short · 10 Sept, 01:01$352.7K short · 10 Sept, 10:41$313.6K short · 10 Sept, 16:41$333.3K short · 10 Sept, 22:41$315.3K short · 11 Sept, 04:41$332.8K short · 11 Sept, 10:41$284.7K short · 11 Sept, 16:41$190.0K short · 11 Sept, 22:41$303.2K short · 12 Sept, 04:41Increased exposure, 12 Sept: $190,309.46 to $303,228.09Increased exposure, 12 Sept: $184,807.84 to $303,086.87Reduced exposure, 11 Sept: $282,713.95 to $190,013.87Reduced exposure, 11 Sept: $272,379.08 to $191,292.74Reduced exposure, 11 Sept: $335,760.42 to $284,700.37Reduced exposure, 11 Sept: $363,983.93 to $285,201.05Increased exposure, 11 Sept: $286,352.80 to $341,160.60Reduced exposure, 10 Sept: $403,301.73 to $333,444.57Reduced exposure, 9 Sept: $404,976.17 to $337,915.34Increased exposure, 9 Sept: $297,632.08 to $404,746.82Increased exposure, 9 Sept: $289,833.92 to $408,271.64Increased exposure, 9 Sept: $240,242.03 to $299,070.46Increased exposure, 9 Sept: $262,974.69 to $321,962.80Reduced exposure, 9 Sept: $502,004.38 to $196,383.22Reduced exposure, 9 Sept: $520,100.70 to $168,580.41Increased exposure, 8 Sept: $412,196.80 to $499,173.03Increased exposure, 8 Sept: $396,661.94 to $499,287.16Increased exposure, 7 Sept: $308,427.89 to $438,605.02Increased exposure, 7 Sept: $315,915.90 to $448,081.75Increased exposure, 7 Sept: $228,113.52 to $335,791.51Increased exposure, 7 Sept: $228,761.39 to $348,657.50Increased exposure, 6 Sept: $183,862.98 to $275,534.97Increased exposure, 6 Sept: $191,263.33 to $265,492.28Reduced exposure, 6 Sept: $357,730.61 to $191,708.41Increased exposure, 6 Sept: $38,179.20 to $183,674.44Reduced exposure, 6 Sept: $451,644.85 to $365,123.53Increased exposure, 6 Sept: $49,294.57 to $451,610.94Reduced exposure, 5 Sept: $105,879.64 to $23,174.61Increased exposure, 5 Sept: $23,345.86 to $105,404.12Reduced exposure, 5 Sept: $195,615.68 to $123,337.25Increased exposure, 5 Sept: $53,239.27 to $195,844.29Reduced exposure, 4 Sept: $103,467.87 to $34,306.05Reduced exposure, 4 Sept: $204,463.93 to $26,011.89Increased exposure, 4 Sept: $130,030.03 to $204,530.57Increased exposure, 4 Sept: $40,727.40 to $129,982.77Reduced exposure, 4 Sept: $103,912.11 to $40,634.48Increased exposure, 4 Sept: $74,563.91 to $170,227.64Reduced exposure, 3 Sept: $158,226.55 to $74,496.98Reduced exposure, 3 Sept: $133,207.95 to $73,276.47Reduced exposure, 2 Sept: $208,192.14 to $86,061.88Increased exposure, 2 Sept: $94,173.63 to $208,671.93Reduced exposure, 1 Sept: $182,047.13 to $116,990.41Reduced exposure, 1 Sept: $206,479.35 to $122,767.76Increased exposure, 1 Sept: $161,424.37 to $222,215.66Reduced exposure, 1 Sept: $238,840.78 to $141,457.45Reduced exposure, 1 Sept: $225,347.02 to $141,198.07Reduced exposure, 31 Aug: $479,650.88 to $238,695.17Reduced exposure, 31 Aug: $458,999.97 to $230,993.34Increased exposure, 31 Aug: $394,729.21 to $446,154.17Increased exposure, 31 Aug: $218,190.94 to $452,987.11Increased exposure, 31 Aug: $332,591.77 to $452,242.07Increased exposure, 31 Aug: $232,286.28 to $333,651.87Reduced exposure, 31 Aug: $351,099.56 to $215,672.30Reduced exposure, 31 Aug: $360,499.01 to $205,210.99Increased exposure, 30 Aug: $201,326.76 to $312,456.87Increased exposure, 30 Aug: $304,338.75 to $357,838.13Increased exposure, 30 Aug: $200,510.32 to $307,889.92Increased exposure, 30 Aug: $76,738.47 to $218,755.26Reduced exposure, 30 Aug: $401,269.31 to $259,093.65Increased exposure, 30 Aug: $260,027.58 to $400,889.22Increased exposure, 30 Aug: $75,659.48 to $259,994.27Reduced exposure, 29 Aug: $111,746.62 to $52,969.65Reduced exposure, 29 Aug: $178,508.02 to $96,522.05Reduced exposure, 29 Aug: $203,307.00 to $108,090.72Increased exposure, 29 Aug: $143,147.01 to $203,307.41Increased exposure, 29 Aug: $93,000.96 to $178,337.88Increased exposure, 29 Aug: $59,137.50 to $143,396.59Reduced exposure, 28 Aug: $158,065.71 to $93,065.71Increased exposure, 28 Aug: $92,857.60 to $152,624.52Reduced exposure, 28 Aug: $191,880.54 to $93,195.89Increased exposure, 28 Aug: $116,511.16 to $190,824.94Reduced exposure, 28 Aug: $226,200.91 to $144,892.56Reduced exposure, 27 Aug: $264,538.53 to $189,755.90Increased exposure, 27 Aug: $201,203.67 to $262,376.84Reduced exposure, 26 Aug: $262,632.76 to $194,094.43Increased exposure, 26 Aug: $208,160.02 to $263,479.95Reduced exposure, 25 Aug: $301,164.79 to $179,289.55Increased exposure, 25 Aug: $217,862.57 to $297,423.04Reduced exposure, 25 Aug: $261,608.55 to $204,062.11Reduced exposure, 25 Aug: $286,785.15 to $186,849.76Increased exposure, 25 Aug: $179,578.12 to $265,124.32Reduced exposure, 24 Aug: $227,734.40 to $164,586.04Reduced exposure, 24 Aug: $322,480.88 to $185,958.13Reduced exposure, 24 Aug: $316,952.14 to $185,954.41Increased exposure, 24 Aug: $161,183.65 to $315,568.16Increased exposure, 24 Aug: $171,953.31 to $226,465.37Reduced exposure, 24 Aug: $211,127.02 to $134,963.27LONG · $499.2K0SHORT · $499.2K24 Aug12 Sept
Hover, tap, or tab to a point for its exact value.
75 fixed-frame observationsAmber markers show the selected comparison · Observed points only · gaps are not interpolated
Collateral over time

Observed available collateral

Withdrawable balance at each preserved observation. A movement is not labelled a deposit or withdrawal without ledger evidence. Gaps are not interpolated.

$4.4K available · 24 Aug, 16:35$2.1K available · 24 Aug, 22:35$0.0 available · 25 Aug, 04:36$0.0 available · 25 Aug, 10:36$0.0 available · 25 Aug, 16:36$0.0 available · 25 Aug, 22:36$337.9 available · 26 Aug, 04:36$0.0 available · 26 Aug, 10:36$0.0 available · 26 Aug, 16:36$536.9 available · 26 Aug, 22:36$0.0 available · 27 Aug, 04:36$1.9K available · 27 Aug, 10:36$1.9K available · 27 Aug, 16:36$4.6K available · 27 Aug, 22:36$1.5K available · 28 Aug, 04:36$149.9 available · 28 Aug, 10:36$0.0 available · 28 Aug, 16:36$760.6 available · 28 Aug, 22:36$0.0 available · 29 Aug, 04:36$0.0 available · 29 Aug, 10:36$0.0 available · 29 Aug, 16:36$0.0 available · 29 Aug, 22:36$0.0 available · 30 Aug, 04:36$0.0 available · 30 Aug, 10:37$259.3 available · 30 Aug, 16:37$973.3 available · 30 Aug, 22:37$0.0 available · 31 Aug, 04:37$5.5K available · 31 Aug, 10:37$0.0 available · 31 Aug, 16:37$0.0 available · 31 Aug, 22:37$3.2K available · 1 Sept, 04:37$2.3K available · 1 Sept, 10:37$2.0K available · 1 Sept, 16:37$0.0 available · 1 Sept, 22:37$0.0 available · 2 Sept, 04:37$0.0 available · 2 Sept, 10:37$783.3 available · 2 Sept, 16:37$0.0 available · 2 Sept, 22:37$0.0 available · 3 Sept, 04:37$3.8K available · 3 Sept, 10:37$967.6 available · 3 Sept, 16:37$0.0 available · 3 Sept, 22:37$64.6 available · 4 Sept, 04:37$0.0 available · 4 Sept, 10:37$8.0K available · 4 Sept, 16:37$1.6K available · 4 Sept, 22:37$0.0 available · 5 Sept, 04:37$0.0 available · 5 Sept, 10:37$2.1K available · 5 Sept, 16:37$0.0 available · 5 Sept, 22:37$559.3 available · 6 Sept, 04:37$944.2 available · 6 Sept, 10:38$8.0K available · 6 Sept, 16:38$0.0 available · 6 Sept, 22:38$0.0 available · 7 Sept, 04:38$0.0 available · 7 Sept, 10:38$286.6 available · 7 Sept, 16:38$2.4K available · 7 Sept, 22:38$459.0 available · 8 Sept, 04:38$0.0 available · 8 Sept, 10:38$0.0 available · 8 Sept, 16:38$713.6 available · 8 Sept, 22:38$0.0 available · 9 Sept, 04:38$0.0 available · 9 Sept, 10:38$1.9K available · 9 Sept, 16:38$0.0 available · 9 Sept, 19:01$480.8 available · 10 Sept, 01:01$0.0 available · 10 Sept, 10:41$0.0 available · 10 Sept, 16:41$719.4 available · 10 Sept, 22:41$1.3K available · 11 Sept, 04:41$0.0 available · 11 Sept, 10:41$0.0 available · 11 Sept, 16:41$0.0 available · 11 Sept, 22:41$352.3 available · 12 Sept, 04:41$8.0K024 Aug12 Sept
Hover, tap, or tab to a point for its exact value.
75 fixed-frame observationsObserved points only · gaps are not interpolated
Change history

Material changes

Ordered chronologically, newest first. Only observed changes above the material threshold. No identity, intent or trading skill is inferred.

Increased exposureLatest
$190,309.46 → $303,228.09
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$184,807.84 → $303,086.87
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposureSelected
$282,713.95 → $190,013.87
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$272,379.08 → $191,292.74
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$335,760.42 → $284,700.37
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$363,983.93 → $285,201.05
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$286,352.80 → $341,160.60
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$403,301.73 → $333,444.57
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$404,976.17 → $337,915.34
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$297,632.08 → $404,746.82
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$289,833.92 → $408,271.64
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$240,242.03 → $299,070.46
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$262,974.69 → $321,962.80
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$502,004.38 → $196,383.22
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Reduced exposure
$520,100.70 → $168,580.41
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$412,196.80 → $499,173.03
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$396,661.94 → $499,287.16
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$308,427.89 → $438,605.02
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$315,915.90 → $448,081.75
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Increased exposure
$228,113.52 → $335,791.51
Material observed change — ranked by absolute material change
→ · fixed wallet frame
Account funding

Money in and out

Deposits and withdrawals recorded for this wallet, newest first. Transfers between the owner's own accounts are excluded — moving funds from spot to perp is not money arriving. These describe observed movement only, never a reason for it.

Money arrivedsend
+$200.0K
· observed account movement
Money arrivedsend
+$63.8K
· observed account movement
Money arrivedsend
+$20.8K
· observed account movement
Money arrivedsend
+$38.0K
· observed account movement
Money arrivedsend
+$94.8K
· observed account movement
Money arrivedsend
+$165.5K
· observed account movement
Money arrivedsend
+$80.4K
· observed account movement
Money arrivedsend
+$131.9K
· observed account movement