Seven Accounts Build $12.08 Million in BNB Longs on Hyperliquid

Seven large accounts held about $12.08 million in BNB long positions on Hyperliquid on Oct. 30, with about $258,300 in unrealized gains as BNB recovered from its intraday low but remained lower over 24 hours.

BNB was quoted at $715.80 after rebounding about 6.8% from $670.10. It was still down about 5.2% over the previous 24 hours.

The long positions had a weighted average entry price of $700.08. Three accounts held short positions worth about $3.25 million at a weighted average cost of $708.15, with about $32,500 in unrealized losses. Long positions were worth 3.72 times as much as short positions and made up 78.8% of the tracked accounts’ combined long and short positions.

Three large accounts had switched from short to long and held about $5.12 million in BNB longs. Open interest was up about 58.2% from 24 hours earlier but remained about 31.3% below an earlier high. Trading value was about $313 million. The hourly funding rate was about negative 0.00477%, meaning short holders paid long holders.