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Glassnode: Hyperliquid Long Positions Continue to Increase During the BTC Downtrend, Raising the Risk of a Short Squeeze.
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According to a report released by data analytics platform Glassnode (@glassnode), despite BTC prices remaining well below all-time highs, traders on the Hyperliquid platform are continuously increasing their long positions, with a buy-on-dips sentiment permeating the entire downtrend, and the potential for a short squeeze in the market is constantly accumulating. Meanwhile, altcoin cycle signals have returned to the "altcoin season," with altcoi…
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