📅 October 21 | Singapore
What started as a nightmare for thousands of traders on Hyperliquid seems to have spiraled into madness. Just days after the largest liquidation event in the exchange's history—more than $1.9 billion in wiped positions—, new reports reveal that many traders have re-entered the market with even higher leverages.
The result: another wave of massive liquidations, demonstrating that fear is short-lived when greed rules.
📖 The drama in Hyperliquid continues. After last week's crash that wiped out more than 6,300 portfolios and caused multimillion-dollar losses, numerous traders—mostly retail and small funds—decided to bet against the market again, seeking to recover what they lost.
However, the revenge attempt ended in disaster. On-chain metrics show that liquidation volume once again exceeded $300 million in less than 48 hours, especially affecting long positions of altcoins such as Solana (SOL), Arbitrum (ARB) and Dogecoin (DOGE).
One of the analysts noted:
"We are seeing a repeat of the same irrational behavior. Traders have not assimilated the real risk of extreme leverage in such volatile markets."
The most emblematic case is that of an operator nicknamed “Whale 2049”, who lost more than $25 million in a matter of hours after trying to replicate a short play that days before had yielded nine-figure profits.
Despite the devastation, activity at Hyperliquid has not slowed down. In fact, daily trading volume increased 15% compared to the previous week, a sign that the exchange has become an epicenter of high volatility and extreme risk.
Experts warn that, without control mechanisms or stricter leverage limits, history could repeat itself again and again, affecting the stability of the crypto derivative ecosystem.
Topic Opinion:
the inability of many investors to manage risk and emotional impulse. Leverage can be a powerful tool, but also a death trap when used without strategy. Hyperliquid not only reflects economic losses, but a deep psychological lesson about fear, greed and lack of discipline in decentralized environments.
💬 Do you think exchanges should limit leverage to protect traders?
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#Hyperliquid #trading #Liquidations #CryptoNews #altcoins $BTC
