Summary
- According to Glassnode, large investors on decentralized exchange Hyperliquid have shifted their Bitcoin positioning from net long to net short for the first time in seven months.
- Hyperliquid whale investors hold more short positions than long positions in Bitcoin.
- Bitcoin short-position exposure has risen to its highest level since October 2025.
Forecast Trend Report by Period
Large investors on decentralized exchange Hyperliquid have flipped their Bitcoin (BTC) positioning from net long to net short for the first time in seven months.
Glassnode said on Nov. 8 that whale investors on Hyperliquid now hold more short positions in Bitcoin than long positions.
It marks the first time in seven months that those investors have shifted to a net short stance.
Short-position exposure has climbed to its highest level since October 2025.
JH Kim
