Bitcoin Whale Longs Hit Record High as Funding Turns Bearish

Glassnode data shows the cohort flipped from net short to net long as Bitcoin climbed out of the mid-$60,000s in February. The largest traders on Hyperliquid have been building a net-long Bitcoin position since early March, and the move is now the most aggressive in the dataset. Glassnode data shows the cohort flipped from net short to net long as Bitcoin climbed out of the mid-$60,000s in February. The long bias has grown steadily through April, reaching its highest level on record.

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