Crypto Liquidations Reach $1.93 Billion Amidst Market Volatility

Total crypto liquidations reached a staggering $1.93 billion over the past 24 hours, impacting nearly 400,000 traders. The largest single liquidation was recorded on Hyperliquid’s BTC-USD pair at $36.78 million. This event highlights significant market volatility and raises questions about the resilience of decentralized exchanges. While no post-mortem has been issued by Hyperliquid, the incident underscores the risks associated with trading in crypto markets and the impact on trader portfolios.