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Over 1,000 Hyperliquid Traders Lose Entire Deposits in Market Crash

Over 1,000 Hyperliquid Traders Lose Entire Deposits in Market Crash

Author:

Global Cryptocurrency

Published:

2025-10-12 09:21:02

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BTCCSquare news:

More than 1,000 wallets on the decentralized platform Hyperliquid were completely wiped out during a market crash on October 11, with total losses exceeding $1.23 billion. Lookonchain data reveals 205 traders lost over $1 million each, while four major addresses suffered individual losses ranging from $13 million to $18 million.

The liquidation event coincided with a crypto market correction that pushed the fear and greed index to 35. One trader lost $18.73 million, another $16.43 million - leaving just $140 remaining. Such extreme losses highlight the risks of leveraged trading during volatile market conditions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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