Monday Opened With a Slap From the Market😭 Woke up, charts already bleeding, face fully washed by the tape.

First stop was Coinglass… and yeah, the damage showed up fast. What stood out was where it all happened. Most of the big liquidations before 8 a.m. were piling up on Hyperliquid.

In just the last four hours, Hyperliquid alone wiped out about $235 million. Nearly half of that was $BTC , roughly $105 million with $ETH and $SOL right behind it. And almost all of it? Longs.

People were leaning one way… and the market leaned harder.

while digging a bit and it gets more interesting. Since December 1st, #Hyperliquid ’s open interest has been steadily climbing, now sitting around $9.9 billion. But at the same time, the number of active traders has been shrinking. Today it’s down to about 155k. Fewer players and bigger positions.
Which basically means the board is being held by whales and institutions, not the crowd. Higher stakes and thinner margins for error.

Across the entire market, the hit was even louder. In the last hour alone, $531 million got liquidated, with longs making up over 96% of it. Stretch that to four hours and you’re looking at $591 million gone… and Hyperliquid accounted for almost 40% of that.