Markets, News The liquidation was so large relative to the order book that Hyperliquid’s auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt. The liquidation was so large relative to the order book that Hyperliquid’s auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More