Hyperliquid whales flip short on Bitcoin for first time in seven months
Hyperliquid's biggest traders have flipped from long to short on Bitcoin, according to Glassnode — the first such swing in seven months. Short exposure among those whales is now at its highest level since October 2025, a notable shift from a cohort that spent months leaning bullish.
Hyperliquid's big-money traders just flipped the script on Bitcoin. According to Glassnode, whales on the platform have swung from long to short on BTC — the first such flip in seven months. Their short exposure now sits at its highest level since October 2025.
Glassnode flagged the shift, and it's the kind of move that turns heads because Hyperliquid's order books are transparent. Positions taken by its largest traders are visible, making the venue a live scoreboard for what deep-pocketed players are doing with Bitcoin.
That visibility is exactly why the flip matters. A whale cohort that spent seven months leaning long has now turned net bearish, and the scale of the short side hasn't been this heavy in months.
To be clear, positioning is not a forecast. Whales flip, get squeezed, and flip back — and a crowded short can unwind as violently as it builds. For now, though, the smart money on Hyperliquid is betting against Bitcoin at the biggest size it has in months.
TopicsGlassnode · Hyperliquid · Bitcoin · BTC · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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