One ether position worth $20 million was the biggest single casualty of this week's liquidation wave, and it sat on Hyperliquid, per CoinDesk.
📊 By the numbers
• About $1.09 billion was liquidated across crypto in 24 hours
• Longs made up roughly $931 million of that, around 85%
• By asset: ETH about $345 million, BTC $266 million, SOL $65 million
• $HYPE trades near $84, about 14% under its all-time high, per CoinGecko
🎯 Levels to watch
If leverage keeps rebuilding on venues like Hyperliquid, another sharp move could trigger a similar cascade. If funding cools instead, the next dip may be gentler than this one.
Do the big perp venues make these flushes worse, or just more visible?
#Hyperliquid #Liquidations
📊 By the numbers
• About $1.09 billion was liquidated across crypto in 24 hours
• Longs made up roughly $931 million of that, around 85%
• By asset: ETH about $345 million, BTC $266 million, SOL $65 million
• $HYPE trades near $84, about 14% under its all-time high, per CoinGecko
🎯 Levels to watch
If leverage keeps rebuilding on venues like Hyperliquid, another sharp move could trigger a similar cascade. If funding cools instead, the next dip may be gentler than this one.
Do the big perp venues make these flushes worse, or just more visible?
#Hyperliquid #Liquidations