100亿美元遭清算，币圈“史上最大爆仓”中，它是最惨的！却有人赚超7亿……

Core Insights - The cryptocurrency market experienced a significant liquidation event, with nearly $19.37 billion in liquidations over 24 hours, affecting over 1.6 million traders, primarily long positions [6][7][8]. Price Movements - Bitcoin's price fell from a historical high of over $126,000 to a low of $105,000 before rebounding above $110,000 [1]. - Ethereum's price dropped from around $4,700 to below $3,500 [3]. - Various altcoins faced severe declines, with notable drops including ATOM from $4 to $0.001, SUI from $3.4 to $0.56, and LINK from $22 to $8 [5]. Liquidation Details - The largest single liquidation occurred on Hyperliquid, totaling $10.31 billion, while Bybit and Binance recorded $4.65 billion and $2.41 billion, respectively [9]. - The event was described as the largest liquidation in cryptocurrency history, surpassing previous significant liquidation events during the pandemic and the FTX collapse [7][8]. Trader Impact - The top 100 traders on Hyperliquid collectively earned $1.69 billion, while the top 100 losers lost $743 million, resulting in a net profit of $951 million concentrated among highly leveraged short sellers [14]. - A specific trader made over $700 million through short positions, while the largest loser, known as "TheWhiteWhale," lost $625,000 [14]. Market Reactions - The automatic deleveraging mechanism on Hyperliquid has been criticized for exacerbating the sell-off, leading to premature liquidation of complex positions [12]. - Market participants are concerned about potential further fallout, with expectations of hearing about additional fund liquidations in the coming days or weeks [15][16].