Hyperliquid experienced a forced liquidation event with its ‘ZEC Max Short’, triggering additional margin calls and position recovery. This incident has resulted in an unrealized loss exceeding $18 million. The dynamics of the event led to heightened risks for traders, compelling them to respond promptly to the liquidity demands. Due to the compounded effects of the liquidation, many positions were affected simultaneously, impacting overall market stability. Stakeholders are now analyzing the repercussions and strategizing on how to mitigate future risks while navigating the volatility.
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