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Another major market manipulation happened overnight.
This time it was on HL with , and it triggered almost one-third of all liquidations over the past 24 hours.
Someone used large sell orders to push the price below $930 for a few minutes, which started an $80M liquidation cascade and wiped out almost all longs.
A perfect reminder that in low-liquidity conditions, one aggressive move can be enough to clean out the entire side of the market.