According to Mlm onchain monitoring, from 05:50 to 06:00 Beijing time on November 9th, approximately $334 million in positions were liquidated on Hyperliquid. The two largest liquidations were both long ETH positions, amounting to approximately $55.6 million and $41.9 million respectively. During the same period, HLP (Hyperliquid's ETH holdings) realized a profit of approximately $2 million; its current total locked value has decreased by approximately 75% from its peak on September 4th, 2025.