Hyperliquid records 38 liquidations exceeding $1M each in Jan. 19 flash crash

Hyperliquid recorded 38 single-position liquidations exceeding $1 million each during a sharp market downturn on Jan. 19, Hyperinsight data show. The liquidations spanned major cryptocurrencies and altcoins, with the largest involving a BTC long position that resulted in a $25.83 million loss.