Conclusion upfront: in the past 24h, the entire network saw $279 million liquidated, with shorts accounting for 62%, and the hardest hit was actually Hyperliquid.

Their share is only 8%, yet each trade averaged $6,231—double Binance’s $3,066 and up 30% versus OKX’s $4,839. The liquidations are all from big positions. The direction is even more extreme: 79% is dumped onto shorts, which is 17 percentage points higher than the network-wide 62%.

Binance OKX together took down 69% of the allocation; the per-trade killing power is still dictated by Hyperliquid.

$BTC

#交易所爆仓 #Hyperliquid

How many more days can these shorts hold out?

Check in real time: https://www.coinboss.com/liquidations