Hyperliquid recorded $60.3 million in HYPE position liquidations over 24 hours, with long positions accounting for 99.7% of the total.

According to Odaily, the liquidations reached their highest level in at least a year. About $60.1 million came from long positions, across 13,161 liquidations involving 3,284 wallets; HYPE briefly fell to $59.85.

Liquidations were concentrated in a two-hour period, when about $33 million in positions were closed. The first hour, beginning at 20:00 UTC, saw $12.1 million liquidated, followed by $20.9 million in the next hour. The total surpassed the $50.9 million recorded on November 21, 2025, making it Hyperliquid’s largest single-day HYPE liquidation event in the past year.