#Bitcoin Whales Turn Bearish on Hyperliquid
A notable shift is taking place in Bitcoin's derivatives market. According to Glassnode, large traders on Hyperliquid have moved from long to short positions for the first time in seven months.
Their short exposure has also reached its highest level since October 2025.
This suggests that some major traders are becoming more cautious about BTC's near-term direction.
However, heavy short positioning does not guarantee further downside. A sudden price recovery could also trigger short liquidations.
The coming days will be important for understanding whether this bearish positioning gains strength or gets challenged by buyers.
DYOR. NFA.
$BTC
A notable shift is taking place in Bitcoin's derivatives market. According to Glassnode, large traders on Hyperliquid have moved from long to short positions for the first time in seven months.
Their short exposure has also reached its highest level since October 2025.
This suggests that some major traders are becoming more cautious about BTC's near-term direction.
However, heavy short positioning does not guarantee further downside. A sudden price recovery could also trigger short liquidations.
The coming days will be important for understanding whether this bearish positioning gains strength or gets challenged by buyers.
DYOR. NFA.
$BTC
