BTC
- BTC-PERP
- Hyperliquid perpetual
- 24/7
- Up to 40x
- Cross or isolated
$68.71K
-3.88% · 24hMark · · price updates every 30 seconds
- 24h volume
- $5.13B
- Hyperliquid, notional
- Open interest
- $2.72B
- +1.87% 24h · -0.62% 1h
- Funding
- +5.3% APR
- +0.0006% per hour · below the 30d median
- 7d high
- $76.24K
- 9.9% below it · hit 7 Nov,
- Top traders
- $239.58M L · $603.08M S
- net shorter by $3.0M over 24h
- 4h momentum board
- #3
- 193 recent winners long · share 17.4% to 6.0% in 1h
O 68,884.00 · H 68,885.00 · L 68,499.00 · C 68,691.00
Hyperliquid candles, local time
Senpi read
Shorts control BTC after seven straight down days, with top traders adding aggressively and every bounce getting sold. The one risk is $68M in short liquidations sitting just above price, but the weight of positioning is firmly bearish.
- BTC has closed lower every day for a week, from 75874 on Nov 6 to 68975 today, and the tape shows no sign of a floor. Three intraday bounces — at 69351, 70214, and 69121 — were each sold back within hours. Price is now -9.53% off the 7d high of 76235 and sitting just +2.22% above the 7d low of 67474, which is also today's low.
- Top traders lean short at $606M vs $239M long, with 44 short wallets against 48 long. The three biggest positions on the asset are all shorts, all in profit: 0xb83d…6e36 at +11.49% ($102M), 0x5b5d…c060 at +9.68% ($95M), and 0x3ff5…f705 at +1.96% ($93M). These are not underwater hedges; they are winning bets scaling with the move.
- Top traders sold $56M net in the last hour and went net shorter by $57M (+1 short wallet, +0 long). Over 4h they are net shorter by $59M. The 24h figure shows net longer by $20M (+11 long wallets, -5 short), meaning today's short pressure is accelerating — the longs added earlier are being overwhelmed.
- Open interest is up +3.09% over 24h while price is down -3.49% — new positions are building into the drop, not unwinding. That is a continuation pattern, not a flush-out. Funding at +10.9% APR sits at the top of its 30-day range (median also +10.9%), so longs are paying shorts to stay in a falling market.
- The recent winners board leans long (#2, 18.8% of gains, 348 traders), but the engine notes its gains came earlier in the 4h window — before the latest leg down. Mid-size winners also lean long ($34M long vs $24M short, 48 holders), but this cohort is a fraction of the top-trader short book.
- $68M in short liquidations sits 0–3% above price (between 68972 and 71041), versus only $16M in long liquidations 0–3% below (between 68972 and 66903). A sharp squeeze up could trigger those shorts, but with bounces failing and top traders adding, the path of least resistance is lower.
- Nothing is in Senpi's tradeable feed for BTC — no signal fired. The edge here is structural, from positioning and price action, not from a catalyst.
- Shorts have the upper hand: price is falling, top traders are pressing, leverage is building into the decline, and funding rewards the short side. What would change it is a sustained push through 71041 that starts eating into that $68M short liquidation cluster — until then, every bounce is a lower high.
Full analysisHide analysis
What would change it: More top wallets joining the short side.
Top signal: shorts at 72% of top-trader notional ($843M)
Written by Senpi's engine from Hyperliquid open interest, funding and the proven-trader cohort. A read describes positioning at its time; it is not a forecast or investment advice.
Ask Senpi about BTC
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Earlier today
- vs 1h agovs 4h agovs 24h ago
- Proven traders traded
- net longer by $1.6M
- net shorter by $41.3M
- net shorter by $3.0M
- Top traders' net change
- +$3.29M
- -$42.99M
- +$20.44M
- Holders long / short
- 0 / 0
- +2 / +1
- +9 / -5
- Open interest
- -0.62%
- —
- +1.87%
How positioning moved around the latest read. For more, ask Senpi above.
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Data: Hyperliquid and Senpi's engine · prices as of · not investment advice
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