Recently, after the large-scale liquidation event on the Hyperliquid platform, the open interest (OI) dropped significantly from approximately $13.8 billion to over $7.4 billion, with nearly $3 billion coming from altcoins. A week later, OI slightly recovered but remained far below pre-event levels. In the 7 days leading up to the event, the platform's average daily trading volume was around $10 billion. Despite OI dropping by over 30% in the week following the liquidation, trading volume increased by 17%, indicating that some traders were attempting to 'recover losses.' However, data shows that average daily liquidation volume during this period rose by nearly 70%, further widening losses for most traders. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50598