Glassnode Says Hyperliquid Whales Expanded Bitcoin Long Positions to a 2026 Record

According to Glassnode, Bitcoin whale net long positions on Hyperliquid climbed to a 2026 high, while total whale positions reached about $3.5 billion and liquidations remained limited.

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Summary

Glassnode data showed that Bitcoin whale net long positions on Hyperliquid rose to a 2026 high, updating the earlier record framing. Total whale positions on the platform were about $3.5 billion, with long exposure slightly exceeding short exposure. The data also indicated that liquidations remained low and were mainly concentrated in short positions, pointing to limited forced selling among large traders on the venue.

Terms & Concepts
  • Long position: A trading position that profits if an asset’s price rises.
  • Whales: Market participants with large holdings or sizable trades that can influence market activity.
  • Liquidations: Forced closure of leveraged trading positions when collateral is no longer sufficient to support them.