Igor Yuzovitskiy reports that Bitcoin long positions on Hyperliquid are heavily concentrated, with $430M facing liquidation at a 10% price drop compared to only $122M in shorts, indicating potential downside risk before an anticipated recovery.
Igor Yuzovitskiy analyzes $7.1B of Bitcoin perpetual futures exposure on Hyperliquid, noting that a 10% price increase would liquidate $305M in shorts while a 10% drop would liquidate $186M in longs. He identifies a $127M cluster of shorts vulnerable to liquidation between $87.1K-$88K, suggesting the market could grind higher with minimal pullbacks as short positions are forced to cover.