Bitcoin Drops but Hyperliquid Hits Long Records: I
Bitcoin Drops but Hyperliquid Hits Long Records: Is Squeeze Coming?Bitcoin continues to test investors' nerves. While the price of the leading cryptocurrency slides toward local lows in the $62,400–$63,600 area, testing the important 200-week moving average, a powerful countertrend move is forming in the derivatives market.According to a fresh report from Glassnode, large players on the decentralized exchange Hyperliquid have launched a large-scale campaign to buy the dip. While the $BTC price chart continues to revisit local lows, the net volume of long positions on Hyperliquid, on the contrary, is steadily growing and has reached yearly highs.
The main attraction of the week lies in the phenomenal stubbornness of Hyperliquid traders. Aggressive accumulation of long positions directly during the price decline is creating a spring that could snap at any moment.
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