The liquidation was so large relative to the order book that Hyperliquid’s auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt.
Fartcoin’s price crashed 50% after $145 million manipulation bet went wrong
The liquidation was so large relative to the order book that Hyperliquid's auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt.
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