Hyperliquid-led two-wave long-liquidation and wider market sell-off push crypto liquidations past $444M as Bitcoin hovers near $91K amid US ETF outflow streak

first published 2026-01-08T11:51:38Z

Two hourly waves liquidated roughly $145M of leveraged long positions (~$88.2M at 07:00 UTC and ~$57.0M at 08:00 UTC), with Hyperliquid recording the largest exchange-level liquidations (~$45M, including a single $3.63M order). Total 24-hour crypto liquidations hit $464.44M across ~137,000 traders; BTC led with $66.53M liquidated, ETH $33.78M, and XRP >$6M. The moves followed $486M of net redemptions from U.S. spot Bitcoin ETFs the prior day; BTC fell 1.7%, ETH 2.8%, XRP 6.8% and the broader market declined ~2.19%.

AI Analysis

Summary reports large, concentrated long-liquidation waves (~$145M in two hours, Hyperliquid ~ $45M including a $3.63M order) and sizable 24h liquidations ($464.44M) led by BTC and ETH, occurring after $486M net redemptions from U.S. spot BTC ETFs and coinciding with multi-percent price drops; these are concrete, short-term market-moving facts.

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