Bitcoin slips under 50-week average as Hyperliquid whales add short positions
Bitcoin traded below a key long-term moving average as large Hyperliquid traders increased bearish exposure, according to Brave New Coin citing Glassnode.
Bitcoin traded below a key long-term moving average as large Hyperliquid traders increased bearish exposure, according to Brave New Coin citing Glassnode. Bitcoin (BTC) is trading at ₹70,15,096 ($74,591.00), down 0.2% since this brief published. This is an original Token Times brief based on reporting by Brave New Coin, with live market data added, as of Mon, 09 Nov 2026 19:30:01 UTC.
A weekly close beneath the 50-week moving average may mark a loss of long-term momentum, while rising whale shorts indicate that bearish positioning has extended to major Hyperliquid traders.
- Brave New Coin cites Glassnode data on rising Hyperliquid whale shorts.
- Bitcoin closed a week below its 50-week moving average.
- BTC trades at $74,713, down 1.30% over 24 hours.
- Hyperliquid TVL stands at $1.73 billion, down 9% over seven days.
- Bitcoin Whales Shift to Net Short on Hyperliquid for First Time Since March
- Hyperliquid whales bank about $5M as HYPE slides below $78
- HYPE slips as Hyperliquid Strategies seeks U.S. futures broker status
- Hyperliquid extends decline beneath its daily trend average
- Hyperliquid trader takes leveraged $5.44M short against Nvidia
- Bitcoin slips under 50-week average as Hyperliquid whales add short positions — this brief
Bitcoin is coming under renewed selling pressure after closing the week below its 50-week moving average, a long-term technical level highlighted in Brave New Coin’s report. The outlet also cited Glassnode data indicating that large traders on 
Hyperliquid are increasing their bearish positions. No exact size or rate of increase for the whale shorts was provided.
The report presents two related signs of weakness: Bitcoin has fallen below the moving average, while sizable Hyperliquid participants are taking short exposure. The combination links price action with positioning on a derivatives platform rather than relying on technical analysis alone. However, the available coverage does not specify which level the shorts target or quantify how much capital they represent.
Live market data show Bitcoin at $74,713, down 1.30% over 24 hours and 3.49% over seven days. Its market capitalization is $1.5 trillion. The broader crypto market is also broadly lower, with total capitalization at $2.56 trillion, and the Fear & Greed index stands at 29, corresponding to a Fear reading.
Hyperliquid’s native token, HYPE, trades at $74.70, down 2.65% over 24 hours and 12.30% over seven days. DeFiLlama reports $1.73 billion in total value locked on the platform, a 9.0% decline over the same seven-day period. The simultaneous drop in HYPE, platform TVL, and Bitcoin means the latest positioning comes amid broader weakness across crypto and DeFi activity rather than an isolated move in BTC.
The immediate points to monitor are whether Bitcoin can recover the 50-week moving average and whether Glassnode’s measure of Hyperliquid whale shorts continues to rise. Those are observable follow-ups rather than forecasts, and the current data indicate a market environment marked by Fear, declining platform activity, and increased bearish positioning among large traders.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹70,26,569.75$74,713.00 to ₹70,15,095.95$74,591.00 — -0.16%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $70,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹7.93M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 9 18:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.46M (about $74,591.00), down 1.6% over 24 hours. The rupee itself trades about 6.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 9, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitcoin slips under 50-week average as Hyperliquid whales ad — questions & answers
What prompted the renewed focus on Bitcoin downside?
Brave New Coin reported that Bitcoin closed below its 50-week moving average while Glassnode detected rising whale shorts on Hyperliquid.
How much are whales short on Hyperliquid?
The coverage did not provide an exact short-position value. It only cited Glassnode’s finding that Hyperliquid whale shorts were increasing.
What is Bitcoin’s current market position?
Bitcoin trades at $74,713, down 1.30% over 24 hours and 3.49% over seven days, with a $1.5 trillion market capitalization.
How much is 1 Bitcoin worth in rupee today?
About ₹7.46M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $74,591.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.16% since this brief first published — trading at ₹70,15,096 ($74,591.00) now versus ₹70,26,570 ($74,713.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Brave New Coin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.