Hyperliquid whales turn net short on Bitcoin for first time since March: Glassnode

Large accounts on the decentralized derivatives venue now hold roughly $377 million more in Bitcoin shorts than longs The biggest traders on Hyperliquid have changed sides. For the first time since March, whale accounts on the decentralized derivatives exchange hold more Bitcoin short exposure than long exposure. The flip follows a positioning shift that played out last week. It comes with Bitcoin hovering around $80,000 and a pile of short positions sitting uncomfortably close to the current price. As of October 27, whale-tracking data on Hyperliquid showed large accounts holding approximately $1.33 billion in Bitcoin shorts.

Source: Crypto Briefing