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. The two Ether positions represented about 29% of the $334 million liquidation total, leaving roughly $236.5 million in liquidated positions beyond the largest two trades.

HLP’s total value locked was about 75% below its peak reached Sept. 4, 2025. That figure adds a longer-term measure of the amount held in HLP alongside liquidation activity from one 10-minute interval.