Data: Hyperliquid position price heatmap shows both BTC long and short sides are in a vulnerable state.

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BlockBeats news, July 5 - Glassnode disclosed that its on-chain indicator, the Hyperliquid Entry Price Heatmap, can show traders' specific entry prices. Currently, a large number of long positions in the $72k to $76k range and short positions near $60k are in floating losses, making the Bitcoin market highly vulnerable in both upward and downward directions, with price fluctuations potentially triggering cascading liquidations.
BTC0.62%
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