finance
Bitcoin Traders on Hyperliquid Shift to Net Long Positions as Price Reaches $80,000
Large traders on Hyperliquid have shifted to aggressively net-long bitcoin positions since early March 2026, coinciding with the cryptocurrency's rise to $80,000. Negative funding rates have persisted for 47 days, while unrelated events include stalled U.S.-Iran talks and a closed probe into Federal Reserve Chair Jerome Powell. The S&P 500 reached a record high on April 25, 2026.
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Large traders on Hyperliquid shifted from net short to net long bitcoin positioning in early March, building steadily through February, March, and April. This group, which runs positions above $10 million, now holds its most aggressively long stance as bitcoin neared $80,000 earlier in the week.
Whale positioning on Hyperliquid flipped from net short to net long in early March, data from Glassnode shows. Hyperliquid has become the onchain venue of choice for traders running large positions in the past year.
Bitcoin perpetual swap funding across major exchanges sits at -0.13% on a seven-day basis according to Coinglass, meaning shorts are paying longs to keep their positions open. That negative funding has held for roughly 47 consecutive days.
In traditional finance, the S&P 500 closed at a record high on Friday. In Pakistan, meantime, the weekend's talks between Iran and the U.S. didn't take place after the Iranian foreign minister left the country before the U.S. group even set off. Treasury yields dropped as the Justice Department closed its probe, potentially clearing the path for confirmation as the next Fed leader.
