Hyperliquid's long positions held by whales hit a new high for the year, indicating bullish market sentiment.

According to on-chain data platform Glassnode, 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 following Bitcoin's price breakout last month. Currently, the platform's total whale positions are approximately $3.5 billion, with long positions slightly exceeding short positions. Analysts believe that Hyperliquid whale activity is often seen as an indicator of market sentiment; the current overall liquidation volume is low and mainly concentrated in short positions, reflecting a bullish market sentiment.