Two on-chain exchanges—the directions they liquidated during this day are exactly opposite.

Hyperliquid got wrecked for $3.24 million, 95% short positions, with an average liquidation of $5,270 per trade—the heavy short traders are getting sliced up.

Lighter got wrecked for 1.74 million, 94% long positions, with an average liquidation of just $964 per trade—small positions but with high leverage chasing longs.

The entire network liquidated 209 million in a single day; Binance accounts for 47%, with longs and shorts split evenly. Two on-chain players together make up less than 3%, yet each one is one-sided.

On-chain, which side do you get liquidated more often?

#爆仓 #Hyperliquid #On-chain contracts

$HYPE $BTC

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