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May 28, 2026
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Bitcoin Desk

Hyperliquid reports record BTC-USD liquidation order at $11.32M

‘If you’re not accumulating bitcoin at this stage, then when,’ asks prominent analyst

In the past 24 hours, 131,615 traders were liquidated, totaling $649.93 million, with the majority—$584.56 million—stemming from short positions, indicating a bearish sentiment in the cryptocurrency market. The largest single liquidation order occurred on Hyperliquid, involving a BTC-USD trade valued at $11.32 million. This event highlights the ongoing market volatility and the role of exchanges like Hyperliquid, known for their on-chain order book and risk engine, in managing rapid settlements during these high-volatility periods.

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