Bitcoin traded around $64,034 on Aug. 11, down about 1.6% over 24 hours, even as BTC open interest (outstanding derivatives positions) on Hyperliquid rose from about $2.227 billion to $2.483 billion, an increase of roughly $256 million, or 11.5%, according to TradingBeats, formerly Hyperinsight. Large addresses added leverage on both sides: new longs totaled about $278 million and long reductions $132 million for a net increase of about $146 million, while new shorts reached about $286 million and covers $141 million for an equal net increase of about $146 million, suggesting no clear one-way bias in the new exposure. Technical signals showed volatility picking up, with 1-hour Bollinger Band width expanding from about 0.77% to 2.50%, up about 225.6% and in roughly the 93.5th percentile of the past seven days, while the 4-hour width widened from 1.61% to 2.32%. Price had also moved to the lower edge of the 4-hour channel, with the latest completed 4-hour candle closing at $64,127, only about $75 above the lower Bollinger band near $64,052. Two high-leverage whale trades captured the standoff: an address beginning 0x004e held a 40x isolated margin (position-specific collateral) long of 1,000.5 BTC worth about $64.065 million, opened at $64,069.1 with liquidation at $61,835 and a reduce-only sell order of about $19.411 million at $64,600 to trim about 30% of the position, while an address beginning 0x8c96 added 660 BTC of shorts in the past 24 hours and now held a 20x cross margin (shared collateral across positions) short of 1,100 BTC worth about $70.437 million, opened at $64,487.2 with liquidation at $66,308.2. TradingBeats said its on-chain perpetuals and address analysis tool is now live for real-time Hyperliquid data and whale tracking.