2026-01-09 02:26:40

Recently, the daily market has been relatively calm, but the bloodbath in the futures market has been anything but gentle. According to on-chain data tracking, the total liquidation amount across the entire network in the past 24 hours reached $403 million, with longs being hit the hardest—$327 million wiped out. Shorts also didn't fare much better, with over $75 million lost.

Specifically, on Bitcoin, long positions were liquidated for $103 million, and short positions for $21.58 million. Ethereum was even more brutal, with long liquidations of $78.94 million and short liquidations of $14.01 million. In the entire market, over 110,000 traders were forcibly liquidated within these 24 hours, with the most severe case occurring on Hyperliquid—a single BTC-USD contract was liquidated for nearly $3 million.

What does this data indicate? Market volatility remains quite high. Whether you're bullish or bearish, risks can be swept away.

BTC0,39%

ETH0,9%

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SatsStacking

· 3h ago

Another day of bloodshed, 110,000 people buried with it. This leverage is really not friendly at all. --- 3 million wiped out in one shot? Hyperliquid is just collecting IQ taxes. --- Both longs and shorts are being liquidated. What does that mean? It just means the whales are harvesting the retail investors. --- 400 million gone. This is the real picture of crypto. --- No matter how you operate, you'll get harvested. I think I'll just hold my coins honestly. --- Bullish or bearish, both dead. This market is really hard to understand. --- Another day of sharp decline, but I already went all-in on short positions long ago, haha. --- Futures are just casinos. I only play spot trading forever. --- 110,000 people? It seems like more and more people are being pushed out.

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MoonlightGamer

· 01-09 13:24

400 million liquidation? Oh my, this slaughter is pretty intense 110,000 people wiped out in one day? I think I'll just hold onto my coins honestly Hyperliquid's 3 million orders... that must be some serious long positions Bullish or bearish, everyone gets wiped out? Then I better not watch anymore This market move is just outrageous, both bulls and bears getting slaughtered

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RatioHunter

· 01-09 02:55

Another day of bloodbath routine, 110,000 people liquidated. I just want to know how many of them are full-margin leverage fools. --- 3 million directly gone? Hyperliquid is teaching people how to behave. --- Both longs and shorts are being harvested. This is the market—there's no such thing as a business that only makes money and never loses. --- 400 million, how many people have gone bankrupt? Truly impressive. --- Long positions cut, short positions cut as well. This wave of harvest is quite good for the little guys. --- A calm market is actually the most dangerous. Quietly harvesting the little guys is what true experts do. --- Futures are like this—either you get liquidated or I go bankrupt, there's no middle ground.

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TrustlessMaximalist

· 01-09 02:55

Leverage traders are back to killing each other, so satisfying Both bulls and bears get harvested, that's the charm of perpetual contracts Hyperliquid's 3 million liquidation was truly insane, who the hell is so ruthless Not trading feels like being out of the game, but trading makes it even easier to lose This wave of volatility, damn, there's no way to defend against it 110,000 people liquidated in one day, a hellish level of difficulty Market unchanged, accounts gone, this is the true essence of crypto Another day of harvesting the newbies, I won't fall for it

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ContractBugHunter

· 01-09 02:54

Really, looking at these data, I am even more determined not to touch contracts. I can't afford to get hurt. 100,000 people liquidated in one day—how much damage does that do... That 3 million in Hyperliquid is gone directly; I don't even dare to think about it. This wave clearly looks like the market manipulators are harvesting retail investors; no retail investor can make money. High volatility means high risk. I’d rather be honest and hold spot assets. It feels like the current contract market is just a meat grinder; entering means becoming cannon fodder. Both longs and shorts can be eaten; then why should I play? That 400 million liquidation fee—how many people have gone bankrupt because of it? As I always say, avoid leverage when there is no absolute direction. Looking at these data reminds me of those friends who got liquidated before; none of them are playing anymore.

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YieldHunter

· 01-09 02:54

ngl if you look at the data, $403m liquidated in 24h is basically just degens getting rekt by their own leverage obsession. technically speaking, anyone still using 10x+ on hyperliquid deserves what's coming lol

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HodlKumamon

· 01-09 02:45

400 million USD lost in one night, this is the joy of leverage, everyone. The painful lesson from 110,000 people—does dollar-cost averaging not feel good enough, or do you have to gamble? Bullish and getting cut, bearish and also getting cut—this market is just harvesting everyone's dreams. Hyperliquid's 3 million is indeed a bit ruthless, I'm stunned. Bear defaults to 5% position and continues to lie down, you guys keep fighting. No matter how the market fluctuates, staying still is the way to win.

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