Two groups of large Bitcoin traders stood against the long crowd on Nov 11. On HTX, the elite accounts held 69% of their position weight short, and on Hyperliquid the largest tracked accounts held 68% of their notional short.
Counted by accounts, every exchange leaned long, from 65% on Gate to 78% on Bitget. Binance's top traders, weighted by position, were 69% long, on the same side as the crowd.
Jupiter was the most long venue, with 88% of open interest (the money held in open positions) on the long side. That leaves a 57 points gap to HTX's elite accounts.
Counted by accounts, every exchange leaned long, from 65% on Gate to 78% on Bitget. Binance's top traders, weighted by position, were 69% long, on the same side as the crowd.
Jupiter was the most long venue, with 88% of open interest (the money held in open positions) on the long side. That leaves a 57 points gap to HTX's elite accounts.
