Market Plunge Triggers Massive Liquidations with Over $10M Losses on Hyperliquid

Hyperliquid Sees Major Liquidations Amid Market Plunge

Data from HyperInsight reveals that on January 30, a sharp market downturn caused extensive liquidations on Hyperliquid. A total of 58 positions exceeded $1 million in losses per coin, covering a range of major cryptocurrencies and altcoins.

One of the biggest losses came from a trader holding a long ETH position, with liquidation amounting to $65.1 million, drawing significant industry attention.

Multiple Coins Affected as Market Risk Escalates

• Both major cryptocurrencies and altcoins were impacted
• Each liquidated position exceeded $1 million
• Total losses reached tens of millions of dollars

This market crash highlights the volatility of crypto assets and serves as a reminder for investors to strengthen their risk management strategies.