Overview
- Total forced closures over the past day reached nearly $2.6 billion, marking one of the largest liquidation waves of the cycle.
- Ether absorbed the biggest damage with more than $1.15 billion in ETH positions wiped and an intraday slide of up to 17%.
- A single ETH-USD position worth $222.65 million was liquidated on Hyperliquid, the largest individual loss of the episode.
- Hyperliquid logged about $1.09 billion in liquidations, with Bybit at roughly $574.8 million and Binance near $258 million.
- Long bets dominated the washout with about $2.42 billion of $2.58 billion in losses, as 434,945 traders were forced out of positions.