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Yesterday was quite a day in the market. According to the latest statistics, the total liquidation amount across the entire network in the past 24 hours reached $258 million. Among them, long positions were liquidated for $155 million, and shorts also took a hit, with liquidations totaling $103 million.
How intense was this wave of market volatility? Just the number of people liquidated reached 95,484. The largest single liquidation occurred on the Hyperliquid platform for the BTC-USD trading pair, where a single order was wiped out for $14,141,200. Such large liquidations often indicate significant market swings, and leveraged traders are easily shaken out if their predictions are slightly off.