“A $ 29.1 Million Eth-USD Long Hit Was Indicative of the Growing Role of Decentralized Perpetual Exchange in Driving Liquidations.”, – WRITE: www.coindesk.com
Longs Made Up Nearly 90% of the Overall Wipeout, Per Coinglass, Leaving Over 260,000 Traders Lozing Money and Exposing the Market’s Bullish Overcrowing.
Ether Bore The Brunt With $ 448 Million in Liquidations, Followed BY BTC$ 109.292.81 AT $ 278 Million. Solana’s Sol (Sol), Xrp$ 2.7645Bnb chain’s bnb (bnb) and Doge$ 0.2269 All Saw Tens of Millions Flushed Out.
But The Single Largest Trade Closure Came on Hyperliquid-A $ 29.1 Million Eth-Usd Long Hit WHICH IS INDICATIVATION OF THE GROUWING ROLE OF DECENTRALIZED PERPETS.
Bybit Handled The MOST OVERall Liquidations at $ 311 Million, But Hyperliquid Followed Closely with $ 281 Million, AHEAD OF BINANCE’S $ 243 Million.
For a relativly recent protocol that operates fully on -chain with no kyc or regulatory firewalls, Hyperliquid’s Share of Liquidations Points to Traders Piling Risk. Size. A 97% Long Bias Further Showed Howly Aggressely USers Were Positioned Before The Flush.
The Wave Came As Sentiment Remains Fragile and Bitcoin Sees Volatile Price Action Aound The $ 111,000 Mark. Spikes in Liquidations Are of the Offen Read As Clearing Events that Pave the Way for Reversals, But With Positioning Stretched Across Majors and High-Beta Tokens Alike, Downside Risks Linger.
Meanwhile, Some Say Projects with Strong Revenue Flows Could Emerge Attractive to Traders Amid An OtherWise Risk-Off Mood.
“While Crypto Markets Are Down, Capital Is Still Rotating from Bitcoin Into Altcoins, With Perpetual Dencantralized Exchanges (Perp DEXS) Like Hyperliquaid. Director at Lvrg Research.
“We Expert Altcoins to Slowly Grind Upward As Investors Seek Projects That Can Decouple from Macro Pressures and Continue to Grow Based On Their Own Utility,“ Ruck Adeded.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The Token Has Lost $ 19 Billion in Value Over Seven Days As Resistance at $ 2.80 Hardens.
- Xrp’s Price Fell Sharply From $ 2.92 to $ 2.75 Due to Heavy Institutional Selling.
- The Market Value of XRP Decreated by Over $ 18 Billion in The Past Week, Breaking Below The $ 3.00 Thresold.
- Traders Are Closely Watching if Xrp’s Support at $ 2.75 Will Hold or It Will Fall Towards $ 2.70.
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