Hyperliquid Records $334 Million in 10-Minute Liquidations

About $334 million in positions were liquidated on Hyperliquid during a 10-minute span Sunday, with Ether longs accounting for the largest individual positions. The window ran from 4:50 to 5 p.m. ET (21:50-22:00 UTC) on Nov. 8. The two biggest liquidations were Ether (ETH) long positions valued at about $55.6 million and $41.9 million, respectively, totaling roughly $97.5 million. A long position is a trade that benefits when an asset’s price rises. HLP gained about $2 million during the same period.