Recent data reveals significant whale activity in the cryptocurrency derivatives market, with Bitcoin (BTC) and Solana (SOL) experiencing notable short squeezes. On the Hyperliquid platform, BTC open interest (OI) has reached $1.28 billion, with a funding rate of -6.2% APR, indicating that short positions are paying longs. Solana's market positioning is even more pronounced, with $311 million in open interest and a funding rate of -27.1% APR. This suggests a more intense short squeeze scenario, as shorts continue to pay a premium to longs. These dynamics highlight the current market pressure on short sellers in both BTC and SOL.