Hyperliquid Top Traders' Bitcoin Long Positions Hit All-Time High, Surpass 2024 Peak

BTC1.92%
According to Glassnode, top traders on decentralized derivatives exchange Hyperliquid have opened Bitcoin long positions at record levels recently, exceeding positions held when Bitcoin reached approximately $83,000 in the previous bull cycle. The sustained long positions indicate strong speculative demand at current price levels. Hyperliquid is a decentralized derivatives exchange enabling traders to trade leveraged perpetual futures contracts on-chain. Bitcoin whales on the platform have also pushed net long positions to yearly highs, with accumulation continuing despite Bitcoin's June decline. Bitcoin recently rebounded above $65,000.
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