Svmuu News: On-chain analytics firm Glassnode reports that top traders on the decentralized derivatives exchange Hyperliquid are going long on Bitcoin on a large scale. Open long positions have reached their highest level since records began on the platform, surpassing the levels seen during Bitcoin’s previous rally to approximately $83,000. Glassnode noted that these positions indicate strong speculative demand at current price levels. Hyperliquid is a decentralized derivatives exchange where traders can trade perpetual contracts with no expiration date and leverage on-chain. Whales on Hyperliquid’s Bitcoin have recently pushed net long positions to a year-to-date high.Glassnode’s weekly report shows that although the price of Bitcoin fell in June, accumulation continues; Bitcoin has recently returned to above $65,000.