SILVER (Silver Liquidation Contract) Tops All Networks in Liquidations in the Past 4 Hours, with a Whale on Hyperliquid Liquidated for 18 Million in a Single Trade

BlockBeats News, January 30th, according to HyperInsight and CoinGlass monitoring, due to a brief drop in spot silver prices, SILVER (Silver Perpetual Contract) experienced a network-wide liquidation of approximately $70.52 million in about 4 hours, ranking first in the asset liquidation list, with 99% of the positions being long positions. Most of the liquidations occurred on the Hyperliquid platform.

The monitoring shows that a whale holding a long position in XYZ:SILVER on Hyperliquid was liquidated for $18.13 million in a short period of time. During the same period, the platform saw 9 other large liquidations, each exceeding $1 million.