Hyperliquid’s aggregate position value has fallen below $14B, currently sitting at $13.685B. But the pullback is not uniform. BTC open interest on Hyperliquid remains at $2.74B, up 0.92% over 24 hours, even as several major venues recorded short-term declines. This suggests the platform-wide reduction is coming from other markets—or from positions rotating into BTC rather than a broad exit from leverage. AiCoin’s cross-exchange data makes that divergence visible in real time.