Market bloodbath alert: Nearly 240K traders got wrecked in the last 24 hours.

Total damage? A staggering $793.44 million wiped out.

The breakdown tells the real story:
→ Long positions crushed: $724.85M (91% of liquidations)
→ Short positions hit: $68.59M

Looks like bulls got absolutely demolished while bears barely felt a scratch. Classic overleveraged long massacre.

And here's the kicker - some whale on Hyperliquid just took the biggest L of the day. Single BTC-USD position liquidated for $15.6M. Ouch.

238,590 traders learned an expensive lesson about risk management yesterday. When leverage turns against you, it doesn't discriminate.

BTC5.94%

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TokenRationEater

· 6h ago

It's another day of being slaughtered while going long, and the casualties this time are really tragic.

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fren.eth

· 16h ago

Well... it's another feast for the order openers, over 70 billion exploded in 24 hours, it's really amazing.

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WhaleShadow

· 12-01 19:02

Those who play with leverage should take a look at this news; it's truly a living example of a cautionary tale.

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MissingSats

· 12-01 19:02

It's like this again; once the leverage is activated, it can't be stopped. This time, it's really a bloodbath.

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rugpull_ptsd

· 12-01 19:01

It's the old trick of getting liquidated with leverage again; it seems no one has learned to control the risk this time.

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On-ChainDiver

· 12-01 19:01

Another day, another wave of Get Liquidated? Damn, this ratio clearly shows that the long positions have been taken out.

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ZKProofster

· 12-01 18:51

nah this is just darwinian selection in action, honestly. 91% longs getting liquidated tells you everything about retail positioning... mathematically *speaking*, you'd think people would've learned the leverage game by now but here we are. that $15.6M whale getting rekt on hyperliquid is actually kind of beautiful tho, no cap.

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DuskSurfer

· 12-01 18:51

Another slaughter, long positions were wiped out completely, and 790 million just vanished like that.

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SelfRugger