In the past hour, the network experienced a total of $239 million in liquidations. Among these, a significant liquidation occurred involving a single Bitcoin short position. This particular short position was liquidated for $96.51 million on the trading platform Hyperliquid. The scale of these liquidations indicates heightened market volatility, impacting various positions across the network. Traders should remain vigilant as such fluctuations can lead to further liquidations and shifts in market dynamics.
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