Glassnode: Hyperliquid Traders Lean Long on BTC

Glassnode data reveals Hyperliquid traders leaning progressively long on BTC despite price sitting at $62417.34 far below recent highs.

Persistent dip-buying through the downtrend builds squeeze potential as BTC price prediction models factor in resilience against any crypto market crash while AI industry impact weighs on risk sentiment. On the 4h chart price tests lower Bollinger support near $62848.77 inside a bearish structure with EMA50 resistance at $64062.7 and MACD death cross at -165.7, yet neutral RSI at 35.3 leaves room for a bounce if long positioning forces a squeeze higher.