Which markets got hit
Top markets by liquidated notional on the latest complete day.
| Market | Total | Longs | Shorts | Split | Events |
|---|---|---|---|---|---|
| XRP | $19.7M | $14.4M | $5.3M | 3,997 | |
| FARTCOIN | $14.0M | $13.3M | $661.2K | 2,296 | |
| BTC | $9.6M | $6.1M | $3.5M | 1,341 | |
| ZEC | $7.6M | $270.0K | $7.3M | 1,830 | |
| SOL | $7.2M | $2.4M | $4.8M | 2,329 | |
| TRUMP | $5.6M | $2.8M | $2.8M | 3,336 | |
| ETH | $4.4M | $4.0M | $362.3K | 801 | |
| PUMP | $3.1M | $796.2K | $2.3M | 1,666 | |
| HYPE | $3.1M | $863.2K | $2.2M | 1,423 | |
| CASHCAT | $3.0M | $2.9M | $145.8K | 1,548 | |
| NEAR | $2.1M | $1.7M | $482.9K | 663 | |
| DOGE | $896.7K | $826.7K | $70.0K | 368 | |
| xyz:BB | $733.0K | $733.0K | — | 49 | |
| ADA | $613.7K | $300.3K | $313.4K | 300 | |
| ONDO | $498.9K | $468.3K | $30.6K | 258 | |
| XPL | $438.8K | $394.6K | $44.2K | 284 | |
| ENA | $437.6K | $203.8K | $233.8K | 457 | |
| SUI | $411.3K | $263.5K | $147.8K | 302 | |
| LIT | $382.0K | $298.0K | $84.0K | 285 | |
| xyz:CRWV | $359.3K | $359.3K | — | 102 |
Last 30 days
Daily liquidated notional, longs and shorts stacked.
Key facts
- $89.2M liquidated on Hyperliquid on 2026-08-22 (UTC day).
- 30,174 liquidation events hit 9,598 wallets.
- Longs $55.4M vs shorts $33.8M — longs took the larger share.
- Most-liquidated market: XRP at $19.7M.
- 30-day peak: $719.4M on 2026-08-19.
- Source: Hyperliquid on-chain settled fills, aggregated daily by Compass.
How to read this
A liquidation happens when a leveraged position can no longer cover its margin and the exchange closes it at market. The number above is the notional value of positions force-closed in the last complete day — not trader losses, which are smaller and depend on entry price.
Longs and shorts tell opposite stories. Longs get liquidated when price falls; shorts when it rises. A day dominated by short liquidations usually means a sharp rally caught bearish positioning offside — and the forced buying pushes price further up, which is why these events cluster.
Why Hyperliquid numbers differ from centralised exchanges. On a CEX, liquidation data is whatever the venue chooses to publish, and most heatmaps you find elsewhere are estimates reconstructed from order books. Hyperliquid settles every fill on-chain, so these totals are counted from settled trades rather than modelled. The trade-off: this covers Hyperliquid only, not the whole market.
New to perpetuals? Start with what Hyperliquid is and how on-chain perps work.
Looking for who is trading these moves? See the Hyperliquid leaderboard for the traders behind the volume, or markets for per-coin activity.
FAQ
How much was liquidated on Hyperliquid in the last 24 hours?
$89.2M was liquidated on Hyperliquid on 2026-08-22, across 30,174 events affecting 9,598 wallets — $55.4M in long positions and $33.8M in shorts.
What does it mean when shorts are liquidated?
Short positions are force-closed when price rises against them. Closing a short means buying back, so a wave of short liquidations adds buying pressure and can accelerate a rally — a short squeeze. The reverse is true for longs.
Is this real data or an estimate?
Real. Every Hyperliquid trade settles on-chain, so these totals come from settled fills flagged as liquidations. Most liquidation heatmaps published elsewhere are estimates modelled from centralised-exchange order books.
Does this cover the whole crypto market?
No — Hyperliquid only. Cross-exchange totals published elsewhere include Binance, Bybit and others, so they are much larger. The advantage here is that the underlying data is verifiable rather than self-reported.
How often is it updated?
The aggregate is rebuilt daily from the on-chain fill stream. The page shows the latest complete day; the timestamp under the headline says exactly which.
Can I use these numbers in an article?
Yes. Please cite Compass and link to this page — the ready-made citation line is in the Key facts block above.