2026-01-19 07:32:14

Recently, market volatility has been intense. The total liquidations across the entire network within a single day reached $864 million, forcing over 240,000 traders to be liquidated. What was hit the hardest during this decline? On the Hyperliquid platform, the BTC trading pair saw a single liquidation of as much as $25.83 million, dropping back to levels seen before the market rally. Looking at the timeline, you can see how crazy the market was: 12 hours ago, the liquidation amount was still at $820 million, but four hours later, it surged by another $300 million. In just a few hours, many leveraged traders were forced out, and such a level of liquidation is indeed rare.

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WhaleMinion

· 3h ago

Oh my god, 864 million liquidation, is this a clear-out? 240,000 people buried together, how crazy is that?

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EyeOfTheTokenStorm

· 3h ago

8.64 billion in liquidation volume... Behind this data are over 240,000 personal tragedies, leverage will never turn around. From my quantitative model, this wave of liquidation shows obvious signs of a liquidity crisis, but what’s truly frightening is the pace of 300 million added in 4 hours—indicating that the market has no buffer at all, and the technicals have been completely broken. Hyperliquid’s single liquidation of 25.83 million... This is exactly why I’ve always emphasized the importance of risk management. No matter how good your trading logic is, it’s just a paper tiger in the face of leverage. Another group of traders chasing the rise and killing the dip has been cleared out, but don’t rush to bearish sentiments. Historical data shows that after large-scale liquidations, it often signals the formation of a bottom, and the key is whether the market can hold the support level afterward. This wave of market action reminds me of several flash crashes last year, but the current problem is that retail traders’ mentality has been completely shattered, making rebounds very difficult.

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DYORMaster

· 3h ago

864 million dollars wiped out in a day, this is really outrageous, 240,000 people out of the game and directly socially dead

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TokenomicsTherapist

· 3h ago

Leverage players have really been cleared out this time, with a liquidation of 25.83 million in one go. How much resilience does it take to sleep peacefully... But on the other hand, in this kind of market condition, if you're still playing BTC leverage, you deserve to be cleared out. Taking some losses and learning a lesson is better than being liquidated and wiped out.

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