Four Hyperliquid traders had approximately $42.3 million in BTC long positions liquidated.

Four traders on Hyperliquid had roughly $42.3 million in combined BTC long exposure liquidated within a one-hour window, with total losses of about $2.79 million, according to OnchainLens. The individual positions carried exposure of approximately $25.15 million, $7.48 million, $5.06 million and $4.61 million, and the largest single loss was about $1.58 million. The event highlights how quickly leveraged long positioning can unwind on the decentralized perpetuals venue during adverse BTC price moves. Traders will watch whether the liquidations signal broader deleveraging across Hyperliquid and other perp DEXs or remain contained to a handful of oversized positions.