Bitcoin Whales on Hyperliquid Increase Long Positions Amid Negative Funding
- Traders on Hyperliquid have built a long bitcoin position for two months, with current prices around $78,105.19.
- Whale positioning on Hyperliquid shifted from net short to net long in early March and has remained long since.
- Bitcoin’s price rose from the mid-$60,000s in February to nearly $80,000 earlier this week.
- Perpetual swap funding across major exchanges is at -0.13%, indicating shorts are paying longs to maintain positions.
- This negative funding has persisted for approximately 47 days, marking one of the longest bearish stretches recorded.
The significant shift in whale positioning and sustained negative funding creates a technical scenario that could lead to short squeezes if spot prices rise further.
Currently, whale positions on Hyperliquid are the most aggressively long recorded, coinciding with bitcoin’s recent price movements and negative funding trends.(Source)
