In the Bitcoin market, all eyes turned to derivative transactions. Market watchdog CW, hyperliquid Based on data, he said that the $64,850 level could change the balance between bullish and bearish positions. In the current table, investors holding short positions continue to dominate. However, if the price rises above this zone, buying transactions may gain momentum as short positions are liquidated.
The upward direction came to the fore on the liquidation map
According to the latest Hyperliquid liquidation map, Bitcoin is trading at approximately $59,896. The data indicates that the probability of short position liquidations above the current price is significantly higher than long position liquidations on the downside. This structure indicates that a sharp upward move could trigger additional buying from short positions.
CW evaluates that if the $ 64,850 level is exceeded, short positions may be liquidated, which may cause the dominance in the market to quickly switch to long positions.
In the chart, the liquidation size of short leveraged transactions approaches 15,000, while the long leveraged liquidation amount around the current price is approximately 1,200. The difference reveals that a significant portion of investors are focusing on the downside scenario.
While there is an intense short position accumulation in the range of $ 64,000 and $ 67,000, a second cluster is noteworthy in the range of $ 73,000 and $ 76,000. Additionally, there is a larger liquidity pool around $106,000. Liquidation levels are closely monitored by traders as they carry additional liquidity into the market due to forced closing transactions.
Mini dictionary: Liquidation is the forced closure of the transaction by the exchange due to insufficient collateral in a leveraged position. Hyperliquid is known as a trading platform that focuses on decentralized derivative transactions.
On the downside, the picture looks more limited. Long position liquidations are more gradually spread between $47,000 and $30,000 and are concentrated in just a few small areas. Therefore, although a possible pullback may create selling pressure, it is considered that the liquidation chain may not be strong enough to be seen in an upward break.
Corporate interest increased on the HYPE side
While critical levels are being monitored in Bitcoin, Hyperliquid’s native token HYPE also attracts attention on the corporate side. According to the data shared by Crypto Patel, there was a net inflow of $164.06 million into HYPE spot ETFs in June. Total net asset size increased to 325.29 million dollars. This figure is approximately double the $164.34 million in May.
| Indicator | May | June |
|---|---|---|
| Total net assets | $164.34 million | $325.29 million |
| net login | Not specified | $164.06 million |
| HYPE transaction value | higher level | $65.46 |
These inflows were recorded when HYPE was trading at $65.46. Although this level indicates lower prices compared to the previous month, the continued inflow of money into the funds is interpreted as large investors accumulating instead of reducing positions.
Data shared by Crypto Patel reveals that there was a net inflow of $164.06 million into HYPE spot ETFs in June while the price remained at lower levels.
Bitcoin’s re-approach to the $64,850 level keeps the possibility of a change in direction in market dynamics in case short positions are liquidated. In addition, the continued inflow of money into HYPE ETFs indicates that demand for the relevant asset may find support in the longer term.
