Data: Hyperliquid Funding Rate Heatmap Shows Both BTC Longs and Shorts in Vulnerable State

BlockBeats News, July 5th, Glassnode revealed in a post that its on-chain metric, the Hyperliquid Entry Price Heatmap, can display traders' specific entry prices. Currently, a large number of long positions in the $72,000 to $76,000 range and short positions established around $60,000 are both facing unrealized losses, creating high vulnerability in the Bitcoin market to both upward and downward movements. Price fluctuations may further trigger cascading liquidations.