HYPE Liquidations: Long Traders Take the Heavier Hit

HYPE liquidations were heavily skewed toward bullish traders in the 24 hours covered by U.Today’s November 2 report. Long positions accounted for $3.99 million of $4.49 million in reported liquidations. At the article’s price snapshot, HYPE was around $86, down 2.26% over 24 hours, although its hourly chart had turned green.

The figures describe a difficult stretch for leveraged buyers, but don’t establish that HYPE has found a bottom. U.Today attributed the liquidation data to CoinGlass and described sustained selling pressure across spot and derivatives markets in recent weeks, alongside signs of potential relief. That isn’t confirmation of a trend change.

What we know about HYPE liquidations

CoinGlass data cited by U.Today showed $3.99 million in liquidated long positions, or 88.9% of the $4.49 million total. Short liquidations were $496,730, or 11.1%. U.Today described the long-side amount as 703% higher than the short-side amount, nearly eight times as much in dollar terms.

Reading the HYPE liquidation figures

These are totals for liquidated long and short positions, not a count of individual traders. The report doesn’t say how many accounts were affected, and the figures alone don’t establish what happened in spot markets.

A 2026 annual report filed with the U.S. Securities and Exchange Commission said that, as of August 23, Hyperliquid represented about 40.1% of global on-chain perpetuals 24-hour volume and 62.5% of on-chain perpetuals open interest. The filing put cumulative perpetuals volume above $5.4 trillion. These figures give ecosystem context, not an explanation for the reported liquidations. The SEC-filed annual report gives the figures as of August 23, 2026.

Liquidation totals can vary with a tracker’s venue coverage and snapshot. A separate tracker’s cross-venue snapshot through 06:40 UTC on November 2 showed $18.71 million in HYPE liquidations: $10.10 million in longs and $8.61 million in shorts. It covers Binance, OKX, Bybit, Bitget and Hyperliquid. Its scope differs from the CoinGlass figures cited by U.Today, so the totals aren’t matching measurements. The tracker’s HYPE liquidation data provides its venue and time context.

The same tracker recorded $96.50 million in liquidations across its venues on October 29, followed by $42.49 million on October 30, $26.71 million on October 31 and $19.10 million on November 1. Those daily totals declined, but coverage is limited to tracked venues. The sequence doesn’t establish that selling pressure has passed or predict what comes next.

What is still unclear

The U.Today text provided here attributes its figures to CoinGlass but gives no precise cutoff time for the 24-hour window, venues included or tracker methodology. That limits comparison with the separate tracker’s 06:40 UTC snapshot. The figures also don’t show when liquidated long positions were opened or how long they had been held.

U.Today’s report included no comment from a Hyperliquid representative. It described sentiment as turning positive but gave no measure for that characterization. A green hourly chart is a short-timeframe observation, not evidence of a lasting shift in price direction.

The reported long-short split applies to U.Today’s cited figures and coverage. In the separate tracker’s snapshot, long liquidations were $10.10 million and shorts were $8.61 million, a smaller difference. The venue and timing differences show why liquidation figures need to be read alongside their source and measurement window.

How markets and analysts reacted

At U.Today’s price snapshot, HYPE was around $86 and down 2.26% over 24 hours, while its hourly chart had turned green. An hourly rise can occur while the 24-hour return remains negative. U.Today cited no analyst forecast or team response, so its report provides liquidation figures and price action, not a consensus outlook.

For wider market context, CoinGecko listed Bitcoin at $77,194, down 0.89% over 24 hours, at 18:13 UTC on November 2. That reading came after U.Today’s 15:05 UTC publication and isn’t a same-time comparison with HYPE’s price snapshot. It’s separate market data, not evidence of a cause for HYPE’s liquidations.

The available figures don’t establish why the positions were liquidated or whether the long-short imbalance would persist. U.Today described broader crypto-market selling pressure as beginning to ease, while the separate tracker showed lower daily totals from October 29 through November 1. These are different measures and don’t confirm a market-wide reversal.

What it means for investors

Long positions accounted for most HYPE liquidations in U.Today’s reported 24-hour period. The data don’t show that every bullish trader lost money, that short sellers were broadly profitable or that HYPE must keep falling. Liquidation totals are a snapshot, and the separate tracker’s different numbers underline the need to check source, venue coverage and timing.

A large liquidation imbalance doesn’t establish a reliable return or a safe trading opportunity. The supplied data document past activity and a price snapshot, not a forecast. U.Today’s report contains no price prediction, analyst outlook or official response from Hyperliquid.

Further context would require comparable liquidation readings with stated venue coverage and time windows, alongside subsequent price observations. The figures reviewed here don’t establish whether HYPE sustained gains beyond the green hourly chart or how open interest and trading activity changed.

Bottom line

U.Today’s CoinGlass figures show $3.99 million in long liquidations against $496,730 in shorts over the reported 24 hours, while HYPE was down 2.26% at the article’s price snapshot. They document a period when liquidated long positions substantially exceeded shorts. Different tracker coverage and the absence of a confirmed trend make this a snapshot, not a forecast.

Sources

• HYPE Liquidation Data and 7-Day History (liquidation.lol)
• SEC filing: Hyperliquid ecosystem overview (www.sec.gov)
• Hyperliquid (HYPE) Bulls in Action Amid 703% Liquidation Imbalance (U.Today)

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.