Analysis: The actual liquidation amount in the market may exceed 40 billion USD, with nearly 7 billion USD in liquidations from Hyperliquid alone

2025-10-11 08:41:47

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ChainCatcher message, on-chain data analyst MLM posted on X stating that the circulating liquidation figures in the market are incorrect, and the actual numbers could be much higher, in the range of $30-40 billion or even more. Just on Hyperliquid, nearly $7 billion has been liquidated.

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Column Tracking the "10.11 Flash Crash" in the cryptocurrency market and its future impact

Mainstream coins experience massive fluctuations, altcoins trend towards zero, stablecoins decouple, and the total liquidation amount exceeds 19 billion dollars... What is the impact of the largest flash crash in cryptocurrency history?