The largest Bitcoin traders on Hyperliquid have more money on the short side than the long side. Across 281 accounts we track, bets on a fall add up to $1.00B, against $610.00M on bets that the price goes higher.
Longs make up 38% of the money these accounts hold in $BTC positions, and the rest sits with sellers.
The reading counts open positions on a single venue, Hyperliquid, which makes it one slice of the market rather than all of it. It shows where these accounts are positioned, not when they trade.
Longs make up 38% of the money these accounts hold in $BTC positions, and the rest sits with sellers.
The reading counts open positions on a single venue, Hyperliquid, which makes it one slice of the market rather than all of it. It shows where these accounts are positioned, not when they trade.