According to HyperInsight and CoinGlass monitoring on December 18, the crypto market recorded the largest single liquidation in the past 24 hours: an $11.08 million HYPE long on Hyperliquid tied to an address beginning with 0xbad. The event highlights risk concentration within the HYPE position and the sensitivity of open interest to rapid mark-to-market shifts.

Earlier today, three major liquidations on the HYPE long totaled about $26.3 million, driving an accompanying loss of roughly $8.0029 million. The next liquidation trigger sits near $23.6, with a current position size around $26.81 million, an average entry of $31.2, and an unrealized loss of $7.7 million (−143.6%).

Separately, a HYPE Bull whale holds the largest long, with an unrealized loss of $19.77 million (−294%), a position of around $33.61 million, an average price of $38.6, and a liquidation price of $20.65. This address previously opened a sizable long before Robinhood announced HYPE spot trading on October 23.