Bitcoin Whales on Hyperliquid Push Net Long Positions to 2026 High

BTC-1.43%
According to Glassnode, on Wednesday, May 6, Bitcoin whales on Hyperliquid pushed their net long positions to a new 2026 record. Total whale positions on the largest onchain perpetual exchange amount to approximately $3.5 billion, with long exposure outweighing short exposure. Bitcoin briefly reached $82,000 on Wednesday, marking its highest level in over three months. The cryptocurrency also locked in 67 consecutive days of negative 30-day average funding rates, its longest stretch this decade.
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