Hyperliquid HYPE liquidations exceed $60M in 24 hours

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HYPE
$66.420.82%
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Hyperliquid’s HYPE token experienced over $60.3 million in liquidations within 24 hours—the highest in at least a year. Long positions accounted for 99.7% of the losses, with 13,161 liquidations affecting 3,284 wallets. HYPE’s price fell to $59.85 during the event. The sharp decline has drawn attention to altcoins to monitor in the current market cycle.

Odaily Planet Daily reports, according to MLM monitoring, over the past 24 hours, the total liquidation amount of HYPE-related positions on the Hyperliquid platform reached $60.3 million, the highest in at least a year. Of this, long positions accounted for approximately $60.1 million, or 99.7%; a total of 13,161 liquidations occurred, involving 3,284 wallets, during which the HYPE price dropped as low as $59.85.

Liquidations were concentrated within a short time frame, with approximately $33 million in positions liquidated within just two hours. In the first hour starting at 20:00 UTC, $12.1 million in positions were liquidated, followed by an increase to $20.9 million in the subsequent hour. Ranked by daily liquidation volume over the past year, this event surpassed the $50.9 million liquidation on November 21, 2025, becoming the largest single-day liquidation event for HYPE positions on the Hyperliquid platform in the past year.

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