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Bitcoin Traders Shift to Net Shorts on Hyperliquid for First Time Since March

The group had previously been long near a market bottom. Bitcoin was $80,867 at 6:07 p.m. ET (22:07 UTC) on Oct. 27.

By Enna Lee
Published
Mentioned assets
An unmarked metal coin weighs down one side of a balance scale / TokenPost.ai
An unmarked metal coin weighs down one side of a balance scale / TokenPost.ai

Hyperliquid’s large Bitcoin (BTC) traders moved to net short last week, their first such positioning since March; they had previously been long near a market bottom.

Net short means short positions outweighed long positions within the group. The move could signal expectations of further downside, while a Bitcoin rebound could leave short holders vulnerable to a squeeze.

Bitcoin was $80,867 at 6:07 p.m. ET (22:07 UTC) on Oct. 27. TokenPost has previously examined whale positions on Hyperliquid.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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