Odaily Planet Daily News Paradigm data analyst Strom said that although some traders were dissatisfied with having their short positions closed by ADL (automatic deleveraging) before the crash, data showed that most ADLs actually occurred near the bottom of the price, locking in near-optimal profits for the shorts.

According to its analysis, Hyperliquid executed approximately 35,000 ADL operations on 161 tokens across 20,000 users last week, 99% of which occurred within five minutes starting at 21:16 (UTC) on October 10th. This period coincided with the midst of a market crash, and the ADL trigger point was highly synchronized with price movements. The subsequent price rebound resulted in ADL actually increasing the returns of most short positions.