Hyperliquid BTC major positions liquidated over 100 millions USD in shorts

According to PRO "Large Transactions" monitoring, BTC experienced a short-term rebound of over 2.4%. During this period, there were 27 major buy orders executed at market price on Hyperliquid contracts, with a total transaction amount reaching $101 million. Based on the open interest difference, the open interest continued to decrease during these major trades, indicating that the main force was primarily buying to cover short positions. According to the latest data, the main force once again executed market trades worth $8.42 million. To determine the specific trading direction, you can set the "Large Transactions" and "Open Interest Difference" indicators for analysis. Special reminder: This round of rebound was not accompanied by an increase in open interest, so it is recommended to focus on the major spot trades and whether there will continue to be large buy orders, in order to confirm the intentions of main funds.