Data: Large liquidations before 8:00 were concentrated on Hyperliquid, with liquidation amounts reaching as high as $235 millions in the past 4 hours.

Jinse Finance reported, citing on-chain analyst @ai_9684xtpa, that according to Coinglass liquidation data, large-scale liquidations before 8 o'clock were concentrated on Hyperliquid. In the past 4 hours, the liquidation amount on the Hyperliquid platform alone reached as high as $235 million, with $BTC accounting for 44.68% ($105 million), followed by $ETH and $SOL, mainly liquidating long positions. In addition, since 2025.12.01, the overall Hyperliquid OI has shown an upward trend (today at $9.91 billion), while the number of active contract traders has gradually decreased (today at 155,138), indicating that most of the current open positions are held by whales or institutions, with a high average position size per trader.