Hyperliquid Sees $290 Million in Liquidations Amid Volatile Market Conditions
Crypto traders faced $290 million in liquidations, with long positions losing $155 million and shorts $136 million, driven by volatility in Bitcoin markets.
BTC
HYPE
Summary
In the past 24 hours, $290 million in crypto positions were liquidated, with $155 million from long positions and $136 million from short positions. The largest liquidation took place on Hyperliquid’s BTC-USD market, totaling $7.41 million. This highlights ongoing volatility and risk in the crypto market.
Terms & Concepts
- Liquidation: The forced closure of a trader’s position due to insufficient margin to cover potential losses.
- BTC: Abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.
- Hyperliquid: A cryptocurrency derivatives trading platform specializing in high-leverage products.