Hyperliquid's giant whale long positions have reached a new high for the year, and market sentiment is bullish

By: rootdata|2026/05/07 04:42:01

On-chain data platform Glassnode shows that Bitcoin whales' net long positions on Hyperliquid have risen to a new high for 2026. The data indicates that whales have been continuously increasing their long positions recently, continuing the trend of going long after last month's Bitcoin price breakout. Currently, the total positions of whales on the platform are approximately $3.5 billion, with longs slightly outnumbering shorts.

Analysis suggests that the movements of Hyperliquid whales are often seen as a market sentiment indicator; the current overall liquidation scale is relatively low and mainly concentrated in short positions, reflecting a bullish market atmosphere.

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