Bottom line: $159 million was liquidated across the market in 24 hours. Binance had the highest total, but Hyperliquid averaged $16,719 per liquidation—nearly 8 times Binance’s average. Large positions were the main story.
Binance saw $58.73 million liquidated across 28,031 trades, averaging $2,095 each. Hyperliquid saw $19.23 million liquidated across 1,150 trades, averaging $16,719 each. The former looks like a flurry of retail liquidations; the latter, more like large positions being wiped out all at once.
OKX ranked second, with $39.52 million liquidated; Bybit saw about $17.57 million.
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Which worries you more: a flurry of small trades, or concentrated liquidations of large positions like these?
View live: https://www.coinboss.com/liquidations