BEARISH 55 crypto.news 1H ago · 1 min read 2 reads

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

AI summary

Glassnode reports that Bitcoin whales trading on Hyperliquid have flipped to a net short position for the first time since March, reversing their earlier bullish stance. The shift comes as BTC trades near $80,000. Large-trader positioning is closely watched as a signal of conviction, so the flip suggests some big holders are hedging or betting on downside near current levels.

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