$130 Million in Unrealized Losses: 95% of BTC Long Positions on Hyperliquid Are Underwater

Odaily: A total of 24,920 wallets on Hyperliquid hold $1.32 billion in open Bitcoin long positions, accounting for 67% of all Bitcoin positions. The average entry price of these longs is $75,565, while the current Bitcoin price is $68,588, which is 9.2% below the average entry price, with total unrealized losses reaching $130 million. Data shows that 95% of Bitcoin long positions are underwater, with 40% of them opened above $76,000; the average liquidation price of these longs is $52,128.