Bitcoin 
$110,896.21With ‘s exceeding the $110,000 threshold again, the liquidation of short positions accelerated and the platform where the movement was most intense was hyperliquid happened. While a total of $169.75 million worth of BTC positions were liquidated in the last 24 hours, Ethereum 
$4,042.11 There was a liquidation of $160.53 million on the side. This aggressive movement in the cryptocurrency market, which started the week with weak volumes, increased short-term volatility and brought the risk appetite in futures transactions back to the agenda.
Hyperliquid Tops Short Liquidations
CoinGlass According to data, after the sharp rise on Sunday night, Hyperliquid took the leadership with a liquidation volume exceeding 131 million dollars. Generally Bybit or BinanceIn this field dominated by , centralized exchanges have given way to derivative-focused decentralized exchanges. The open position size on the platform increased to 2.69 billion dollars, and the density of short positions revealed the impact of aggressive investor behavior.
While 53 percent of Bitcoin positions in Hyperliquid are on the long side, this rate rises to 68 percent in the general market average. This difference shows that the platform hosts a more aggressive short orientation. The largest Bitcoin position was recorded with a short transaction of $186 million, and the investor made a profit on paper of nearly $41 million for a short time.
While Bitcoin Stuck, Whales Turned to Ethereum
Well-known investor during the last downturn James Wynn not taking a position, Machi Big Brother (Jeffrey Huang) opened a long position on Ethereum. A significant portion of the whales who shorted Bitcoin also closed their positions and switched to Ethereum. However, Hyperliquid data shows that new short position clusters have formed in the $ 113,000-$115,000 range, while long transactions are concentrated in the $ 106,000 region.
Although the Crypto Fear and Greed Index still remains in the “fear” zone, it does not indicate extreme panic. While Bitcoin’s market share increased to 57.2 percent, altcoins remain relatively weak. The market is expected to continue until the end of the year bull cycleEven though it is included in the , it still maintains the possibility of sudden liquidation waves during low volume periods. The increase in the volatility index to 1.92 percent also indicates that this fluctuation may continue.
