Hyperliquid Led $145 Million Long Wipeout in Latest Bitcoin Selloff

Bitcoin Liquidations Surge Amid Price Drop

On January 8, Bitcoin experienced a significant price drop, falling below $90,000. This resulted in a rapid market shakeout, causing approximately $145 million in leveraged long positions to be liquidated across major exchanges within two hours.

Two liquidation waves occurred: the first at 07:00 UTC with $88.23 million cleared, followed by another at 08:00 UTC with $57.02 million wiped out as Bitcoin dipped below key support levels.
Hyperliquid liquidations accounted for the largest share, logging nearly $45 million in forced closures during the sell-off.
The largest single order closed was valued at $3.63 million.
During this period, Hyperliquid liquidations represented almost one-third of total losses on the platform.

Whale activity remains high on Hyperliquid, with notable movements like a whale depositing 8.09 million USDC to purchase 59,458 SOL.

Analysts observed bearish trends on shorter timeframes, and some traders shifted focus to opportunities in other assets like Ethereum.

Maxi Doge Presale Highlights

Maxi Doge, a canine-themed crypto asset, has gained significant attention during its presale phase in 2025.

The presale has raised $4.4 million, indicating strong investor interest.
The current token price is $0.0002775.
The token's price is set to adjust in approximately 2 days and 13 hours.