The liquidation was so large relative to the order book that Hyperliquid's auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt.
Commodities led the growth, with oil trading reaching $6.9 billion in weekly volume after geopolitical tensions, while stock perpetual swaps grew 908% to roughly $4.9 billion.
Commodities led the growth, with oil trading reaching $6.9 billion in weekly volume after geopolitical tensions, while stock perpetual swaps grew 908% to roughly $4.9 billion.
Whales and options traders are betting on a massive BTC reversal toward $80,000 as a fragile Iran ceasefire fuels hopes for a supply squeeze and a breakout.
Despite a geopolitical "risk-on" boost, crypto markets remain range-bound with BTC hovering at $71,200 while altcoins like MANA and AERO show strength.
The Fundstrat co-founder and largest corporate ether buyer on earth said the ceasefire means the worst is over. His company bought 71,252 ETH last week.
The Fundstrat co-founder and largest corporate ether buyer on earth said the ceasefire means the worst is over. His company bought 71,252 ETH last week.