In this squeeze, the shorts on Hyperliquid were hit the hardest.

Across the whole network in 24 hours, $1.07 billion was liquidated, with 83.5% being shorts. Binance alone accounted for $391 million, or a 36.5% share—steadily in first place.

More extreme is Hyperliquid: in 149 million in liquidations, shorts accounted for 95.5%, while longs were only liquidated for 6.69 million—basically a one-way harvest.

When broken down by number of trades, Binance averages about $8,200 per trade, Hyperliquid about $14,600, and Huobi more than $20,000. Big orders get cut most concentratedly on the latter two.

Where the leverage is opened determines how the liquidation—being cut—happens.

Do you think this round of Hyperliquid’s shorts was deserved, or unfairly targeted?

#爆仓 #Hyperliquid #轧空 $BTC $ETH

Real-time view: https://www.coinboss.com/liquidations