After $10B+ liquidations, Hyperliquid’s ADL event rewired altcoin liquidity, creating winners, abandoned pairs, and higher execution costs.
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Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer
𝕏/@0xdoug ·
A whale-driven 2.5x spike in Hyperliquid’s XPL pre-market wiped out $17M in positions and triggered auto-deleveraging. Hyperliquid says no bad debt occurred but will add new safeguards and external perp data to better manage volatility.
The Block ·
Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer
𝕏/@0xdoug ·
A whale-driven 2.5x spike in Hyperliquid’s XPL pre-market wiped out $17M in positions and triggered auto-deleveraging. Hyperliquid says no bad debt occurred but will add new safeguards and external perp data to better manage volatility.
The Block ·