According to WhaleInsider, the cryptocurrency market experienced the liquidation of long positions worth $188 million over the last 24 hours. These forced closures occurred as leveraged positions fell below their margin requirements during a market downturn.
The current situation is part of a broader period of volatility in the crypto derivatives market. Experts note that the liquidations reflect a general leveraged market unwind rather than problems associated with specific assets.
Attention is also focused on Hyperliquid. Market predictions currently indicate a 62% probability that the asset will reach $100 by the end of 2026. Meanwhile, the HYPE token recently reached an all-time high above $89, growing 60% within a month.