Hyperliquid whale long positions hit a new year-to-date high, market sentiment leaning bullish

Odaily Odaily reports that on-chain data platform Glassnode indicates that Bitcoin whales' net long positions on Hyperliquid have reached a new high for 2026.

Data shows that whales have been continuously increasing their long positions recently, continuing the bullish trend that followed last month's Bitcoin price breakout. The total whale positions on the platform currently stand at approximately $3.5 billion, with long positions slightly exceeding shorts.

Analysts believe that the movement of Hyperliquid whales is often viewed as a market sentiment indicator. The current overall liquidation scale is relatively low and is mainly concentrated in short positions, reflecting a bullish market atmosphere.