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PG_QuyTrader
Hyperliquid Whales Are Leaning Further Into Bitcoin Shorts
Glassnode data shows large traders on Hyperliquid keep adding to short positions in native $BTC perpetuals.
1. Their net positioning flipped to short about two weeks ago, after roughly seven months of being net long.
2. Net short exposure is now the largest since October 2025.
3. The last time these whales were this heavily short, BTC fell considerably afterward.

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