Lets Go! For the first time in months! The total PnL for all bitcoin whales long on Hyperliquid has turned positive

+ 1.4 million, cumulative over 84 Long positions vs +32.5 Million over 71 Shorts.

23 new whales (25 Bitcoin or more) entered in the past 6 hours.
Only 9 Short vs 14 Long positions including Wintermute's market making bot at 258 BTC Long.

Long positions have slowly increased their leverage though, taking more risk from an average of 17x to 23.1x nearly equal to that of the shorts who have traded with much lower leverage since the summer.

The average long liquidation sits at ~45k, many of which have no liquidation at all (Cross margin, account can cover full position).