Hyperliquid BTC Longs Deep Underwater as 67% of Positions Sit at a Loss

Cointime reports: Hyperliquid holds $1.32 billion in open BTC longs across 24,920 wallets, or 67% of all BTC positions, with an average entry price of $75,565 against a current price of $68,588 — 9.2% below the average. Unrealized losses total $130 million, and 95% of BTC longs are underwater, with 40% entered above $76,000. The average liquidation price is $52,128, and $258 million in BTC longs were liquidated on Hyperliquid in the past 24 hours.