Hyperliquid whales are increasing their short bets on Bitcoin, totaling $1.62 billion in derivatives, with 54.15% in short positions. This bearish trend suggests a potential decline in Bitcoin’s value, raising concerns about the market’s future direction.

Despite the bearish sentiment from whales, institutional investors are being bullish, having purchased $165.7 million in Bitcoin recently. This contrasting behavior could influence Bitcoin’s trajectory in the coming weeks, depending on how U.S. Selling pressure evolves.