Hyperliquid sees largest $11M liquidation during $526M market downturn
Crypto Briefing
Crypto markets experienced $526M in liquidations, with Hyperliquid recording the largest single $11M order.Summary
Crypto markets saw $526 million liquidated across over 154,000 traders within 24 hours, with long positions accounting for $372 million and shorts for $154 million. The largest single liquidation order was an $11 million event on Hyperliquid's HYPE-USD pair. This significant market movement reflects rising volatility, particularly concerning Bitcoin, which briefly rallied to $90,000 before falling to $85,000. The broader market sentiment is being influenced by concerns over US unemployment figures and potential interest rate hikes by the Bank of Japan.
(Source：Crypto Briefing)