MLM revises liquidation estimates to between $30–40 billion, with Hyperliquid alone accounting for nearly $7 billion in losses.
Blockchain data analyst MLM refuted earlier claims that recent crypto market liquidations totaled $10 billion, placing the actual figure between $30 billion and $40 billion. He reported that the decentralized exchange Hyperliquid saw almost $7 billion in positions liquidated, highlighting the scale of current market volatility.