Hyperliquid Whales Enter Short Position on Bitcoin After 7 Months: What Happened Last Time?
Original headlineHyperliquid Balinaları 7 Ay Sonra Bitcoin’de Düşüş Pozisyonuna Geçti: Son Sefer Ne Oldu?
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Hyperliquid whales flipped net short on Bitcoin two weeks ago, ending a seven-month stretch of bullish positioning, according to Glassnode data. Whale short exposure on the decentralized perpetuals exchange has climbed to its largest level since October 2025, marking a sharp reversal in sentiment among large traders. The shift matters because Hyperliquid has become a major venue for leveraged crypto derivatives, making whale positioning a closely watched gauge of directional conviction. Traders will watch whether the short buildup precedes a deeper Bitcoin pullback or is absorbed by spot demand, with funding rates and open interest on Hyperliquid as the next signals to monitor.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Hyperliquid (HYPE), Glassnode, Selim Kuşçu
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