Bitcoin Whales on Hyperliquid Reach Record Long Positions

Bitcoin whales on Hyperliquid reach record long positions.

Major Bitcoin holders on the decentralized platform Hyperliquid have significantly increased their net long positions, according to analysts at Glassnode.

Whales on Hyperliquid have been longing the breakout of the range. Their conviction and long positioning have steadily increased over the past two months, signaling strong bullish sentiment among big perp players.

📊https://t.co/G1mZrpr16c pic.twitter.com/uDuKtMFdWv

— glassnode (@glassnode) April 24, 2026

Whales have been aggressively increasing their bets on the asset’s rise for several weeks. The trend intensified after the price of digital gold broke through the resistance level.

According to CoinGlass, the assets of large investors on Hyperliquid have reached $4.43 billion. Of this, longs account for $2.2 billion (49.62%), while shorts make up $2.23 billion (50.38%).

One significant address holds a long position on Ethereum with 15x leverage at a price of $2265.48, with an unrealized profit of $2.88 million.

The price of the leading cryptocurrency briefly rose above $82,000 — the highest level in three months.

The average 30-day funding rate has remained negative for 67 consecutive days — the longest period in a decade. Experts believe such figures may indicate a market bottom.

On the Binance exchange, sentiment remains pessimistic. The ratio of long to short positions stands at 0.53. A value below one indicates bearish expectations prevail among most platform users.

In April, BitMEX co-founder Arthur Hayes predicted Hyperliquid’s leadership in the prediction market due to the HYPE token.  

In May, developers of the decentralized exchange activated the HyperEVM protocol HIP-4 on the main network. The main innovation was the introduction of prediction markets.