95% of Hyperliquid Bitcoin Longs Sit Underwater With $130 Million in Unrealized Losses

Hyperliquid Bitcoin (BTC) longs had $130 million in unrealized losses, with 95% of positions underwater. The tally covered $1.32 billion in open long exposure. The longs had an average entry price of $75,565.

The positions were held across 24,920 wallets and accounted for 67% of all BTC positions. 40% of the longs were opened above $76,000. Those positions had an average liquidation price of $52,128.

BTC long positions worth $258 million were liquidated on Hyperliquid in the 24 hours before the Nov. 13 update. At BTC prices of $65,000, $60,000 and $55,000, estimated liquidations of long positions were $228 million, $427 million and $647 million, respectively. Those amounts are estimates tied to the stated price levels, while the $258 million figure covers liquidations during the prior 24 hours.