In the last 24h over 1.07b where liquidated on hyperliquid.

Over the past 24 hours, derivatives exchange Hyperliquid recorded more than $1.07 billion in liquidations, according to its public statistics dashboard at stats.hyperliquid.xyz. This figure refers to forced closures of leveraged perpetual futures positions when traders’ margin was no longer sufficient, and it represents an unusually high share of the platform’s open interest and trading volume over the period. On the day in question, analysis of Hyperliquid’s own data showed liquidations of about $1.07 billion against roughly $3.37 billion in open interest, implying that nearly one‑third of outstanding positions were wiped out. The spike in liquidations on Hyperliquid occurred amid a broader market flush in leveraged crypto positions, with aggregate crypto liquidations across major venues exceeding $1 billion in the same 24‑hour window. Market data and commentary indicate that long positions were disproportionately affected during a sharp downside move in Bitcoin and other major cryptocurrencies, producing a classic leverage washout as open interest reset lower across exchanges. Hyperliquid’s transparent, on‑chain liquidation reporting has also been used in industry commentary to contrast with centralized exchanges, where some analysts argue that liquidation data may be underreported, making Hyperliquid’s $1.07 billion figure a notable datapoint for gauging the true scale of leverage stress in the current market structure.

✨ AI-generated background, compiled from web sources — not editorial content.

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