Due to significant fluctuations in spot silver prices, the total liquidation of SILVER (silver-mapped contract) across the network reached 23 million in the past 4 hours.

BlockBeats News, February 2, according to HyperInsight and CoinGlass monitoring, due to the sharp short-term fluctuations in the spot silver price, the total liquidation volume of SILVER (silver-mapped contract) across the network in the past 4 hours reached approximately $23.95 million, second only to BTC and ETH, with 64% being long positions. Most of the liquidations occurred on the Hyperliquid platform.

Monitoring shows that on Hyperliquid, a whale holding a XYZ:SILVER short position was liquidated for $4.13 million in a short period of time. During the same period, there was another single long position liquidation exceeding $1.6 million on the platform.