More than $10 billion in leveraged Bitcoin shorts accumulated around the $83,000 level, according to trader commentary shared on X on November 9, 2026. Large Hyperliquid accounts held between $892 million and $924 million in Bitcoin shorts, compared with $454 million to $483 million in longs, producing a net bearish ratio of roughly two to one. Negative perpetual funding rates indicate that shorts are paying longs, increasing pressure on those positions if Bitcoin rises. A move toward $83,000 could trigger a liquidation cascade, following the elimination of $215 million in Bitcoin shorts within a single hour during a previous November 2026 move.
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