Summary
- On-chain analytics firm Glassnode said whale investors on Hyperliquid were increasing their Bitcoin long positions.
- Data released by Glassnode showed the size of whales' long positions has been rising steadily over the past two months.
- Glassnode said this showed large investors were confident about the potential for further price gains.
Forecast Trend Report by Period
Large investors are stepping up bets on Bitcoin gains in the futures market.
On-chain analytics firm Glassnode wrote on X on April 24 that whale investors on Hyperliquid were increasing Bitcoin long positions, signaling expectations for a breakout from the current trading range.
Data released by Glassnode showed the size of whale long positions has risen steadily over the past two months.
The trend shows large investors are confident in the potential for further price gains, according to Glassnode.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
