- $96M in liquidations hit top whales on HyperLiquid.
- ETH and SOL long positions saw the biggest losses.
- Whale “0xB8B” suffered the largest single liquidation at $26.46M.
The crypto derivatives market witnessed a brutal day for large traders on HyperLiquid, a popular decentralized perpetual trading platform. Over $96 million in liquidations struck top whales, as several major long positions failed to withstand sudden price volatility.
Leading the list is whale “0xB8B”, who lost a staggering $26.46 million on a long position in Ethereum ( ETH ). This marks one of the biggest single-day liquidations on HyperLiquid this quarter.
Another massive hit was taken by whale “0x9AF”, who lost $21.46 million on a long position in Solana (SOL), followed closely by whale “0xb2c”, down $17.2 million in Avalanche (AVAX).
ETH and SOL Positions Face Heavy Liquidation
Ethereum and Solana have seen increased volatility in recent sessions, and over-leveraged long positions became particularly vulnerable. Two of the top five losses came from ETH longs, suggesting a coordinated sentiment that ultimately failed to play out.
- Whale “0x89d” also saw $16.32 million liquidated in an XPL long.
- Whale “0xd5f” rounded out the top five with a $15.38 million loss on another ETH long.
These events underscore the risks of high-leverage trading, even for experienced or well-capitalized traders. HyperLiquid, known for its deep liquidity and on-chain transparency, has become a hotspot for whale-level activity. However, as the recent losses show, even whales are not immune to market swings.
What This Means for the Market
Large-scale liquidations like these can have ripple effects across the market, causing short-term price disruptions and increased volatility. Traders should remain cautious and consider risk management tools such as stop-loss orders, especially during uncertain market phases.
With these losses now public, other participants on HyperLiquid and similar platforms may adjust their strategies to avoid the same fate.
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