Hyperliquid sees the largest liquidation of $11M during the $526M market downturn.
Key receivers
In 24 hours, $526 million was withdrawn from the crypto market, affecting more than 154,000 traders. The largest single clearing order was $11 million on the Hypeliquid HYPE-USD pair.
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Crypto markets have seen nearly $526 million worth of liquidity in the past 24 hours, affecting more than 154,000 traders.
Long positions held $372 million of the total, while short positions gained $154 million. The largest single liquid order occurred on the Hypeliquid HYPE-USD pair, valued at $11 million.
The liquidity wave reflects the growing volatility in major crypto assets, particularly Bitcoin. The digital asset experienced a short-term rally towards $90,000 today before dropping back to $85,000.
Investors are creating a challenging backdrop for further market developments due to US unemployment and potential rate hikes from the Bank of Japan.
