According to The Block, Glassnode data shows that the net long position of Bitcoin whales on Hyperliquid has reached a new high in 2026. Glassnode pointed out on the X platform that in recent weeks, whales have continued to increase their long positions, continuing the long trend of last month's Bitcoin price breakthrough. As the largest on chain perpetual contract exchange, Hyperliquid has a total whale head position of approximately $3.5 billion, with long positions slightly higher than short positions. Most of the liquidation in the past month has been focused on short positions. On Wednesday, Bitcoin briefly broke through $82000, setting a three-month high, and maintained a negative average funding rate for 30 consecutive days for 67 days, the longest record in a decade. Some analysts believe that this may indicate a market bottom.
