Hupzy (Spot On Chain)|Sep 22, 2026 05:20
A single Hyperliquid trader was liquidated 𝗳𝗼𝘂𝗿 𝘁𝗶𝗺𝗲𝘀 in 14 hours as BTC's rally wiped out 𝟯𝟳𝟱.𝟴 𝗕𝗧𝗖 ($32.55M) in short positions.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Repeated liquidations signal persistent short conviction meeting relentless buy pressure — each forced close is buying that fuels the squeeze further. If the rally continues, more shorts trapped above current levels face the same dynamic.
BTC perps on Hyperliquid capture the direct read. $32.55M in forced short covering is a meaningful momentum signal, especially with shorts potentially trapped at higher entries.
https://hypurrscan.io/address/0xc3ed57a7a8fa374af47eba5dd713bc2946f800dd#txs
source: lookonchain
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