🐋Perpetual Market Sentiment Heating Up: Whales Are Waiting for a Key Breakthrough

On-chain data platform Glassnode's latest analysis indicates that on the Hyperliquid platform, large funds are continuously betting on an upward price breakout of the current range.
Data shows that over the past two months, whale traders' confidence and long perpetual contract positions have been steadily increasing, indicating that bullish sentiment is gradually strengthening among large derivatives traders.
From a market structure perspective, when big funds start consistently building long positions in a key range, it often means they are positioning themselves for a potential breakout. Of course, the true direction still needs price confirmation.
In the crypto market, trends are often not sudden starts but are preceded by a few funds placing early bets.
When most people are still on the sidelines, the real trend is often quietly brewing. 🚀