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Crypto market sees $573M in liquidations, Hyperliquid hit hardest

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In a significant development for crypto markets, 151,007 market participants faced liquidation over the past 24 hours, resulting in a total of $573.05 million in liquidated positions. The largest single liquidation occurred on Hyperliquid, a decentralized perpetuals exchange, with a value of $24.61 million. This event highlights the ongoing high leverage stress within crypto futures…