Hyperliquid Whale Liquidated for $10.4 Million in ETH/USD Long Position

A whale on decentralized exchange Hyperliquid suffered a $10.4 million liquidation on its ETH/USD long position in a single order, Coinglass data reported by Cointelegraph shows. The event occurred amid volatile market conditions following Bitcoin's brief surge above $90,000. Hyperliquid has seen rising volumes in perpetual futures trading this year.