Hyperliquid Logs $60.3 Million in HYPE Liquidations Over 24 Hours

Hyperliquid recorded $60.3 million in liquidations tied to its HYPE token over 24 hours, the platform’s highest daily total for the asset in at least a year, with 99.7% of the positions held long. Long positions accounted for about $60.1 million of the total. The 24-hour tally included 13,161 liquidation events involving 3,284 wallets, while HYPE briefly fell to $59.85. Liquidations clustered in a two-hour stretch, when about $33 million in positions were closed. The hour starting at 3 p.m. ET (20:00 UTC) accounted for $12.1 million, followed by $20.9 million in the next hour.