Over the past 24 hours, HYPE liquidations on Hyperliquid exceeded $60 million, with 99.7% being long positions

Odaily reports: According to MLM monitoring, over the past 24 hours, the total liquidations of HYPE-related positions on the Hyperliquid platform reached $60.3 million, the highest record in at least a year. Among them, long position liquidations amounted to approximately $60.1 million, accounting for 99.7%; a total of 13,161 liquidation events occurred, involving 3,284 wallets, during which the HYPE price once dropped to $59.85.

The liquidations were mainly concentrated within a short period, with approximately $33 million in positions liquidated within just two hours. Among them, $12.1 million was liquidated in the one hour starting at 20:00 UTC, and this further increased to $20.9 million in the following hour. Ranked by single-day liquidation scale over the past year, this event surpassed the $50.9 million on November 21, 2025, becoming the largest single-day liquidation event for HYPE positions on the Hyperliquid platform over the past year.