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Hyperliquid News Today: Crypto Giants Clash in Bear vs. Bull Battle, Triggering FTX-Like Turmoil as $1.1B Disappears

Hyperliquid News Today: Crypto Giants Clash in Bear vs. Bull Battle, Triggering FTX-Like Turmoil as $1.1B Disappears

Bitget-RWA2025/11/20 13:08
By:Bitget-RWA

- Late November 2025 saw $1.1B crypto liquidations, with HyperLiquid's 0x35d1 whale holding $64.57M in SOL/ETH shorts amid market panic. - Bitcoin's drop below $90K triggered cascading liquidations, erasing $973M in long positions and echoing FTX-era volatility on decentralized platforms. - HyperLiquid's HYPE token rose 6.7% despite turmoil, driven by speculative "Adam and Eve" patterns and 2.0+ long-short ratio imbalances. - Influencer Andrew Tate lost entire HyperLiquid account via BTC liquidations, high

In late November 2025, the cryptocurrency sector saw a week of intense volatility, highlighted by unprecedented liquidations and a surge in short-selling on decentralized platforms such as HyperLiquid. A notable whale account on HyperLiquid, known as 0x35d1, has become a focal point for holding a $63.55 million short against

(SOL), and has recently increased its bearish exposure to (ETH), . This action reflects mounting skepticism among major traders as uncertainty grips the market, especially as —the largest since the FTX collapse in 2022.

This round of liquidations erased $973 million from long positions, compared to $131 million from shorts,

. Bitcoin’s dip below $90,000 , especially on decentralized venues like HyperLiquid, where automated liquidations can happen rapidly during sharp price swings. For instance, influencer Andrew Tate saw his HyperLiquid account wiped out by a series of perpetual liquidations between November 14–17, with . His experience underscores the dangers of high leverage, particularly when the market turns abruptly.

Hyperliquid News Today: Crypto Giants Clash in Bear vs. Bull Battle, Triggering FTX-Like Turmoil as $1.1B Disappears image 0

HyperLiquid has played a pivotal role in the recent upheaval.

within just four hours, second only to HTX’s single $44.29 million liquidation. Despite the turmoil, Hyperliquid’s native token, HYPE, bucked the downward trend, as open interest and bullish bets increased. to the emergence of an “Adam and Eve” chart pattern and a long-short ratio exceeding 2.0, indicating robust speculative appetite. Nevertheless, the exchange is contending with liquidity issues, such as and a 38% drop in HYPE futures open interest.

The market’s vulnerability is further highlighted by the actions of another HyperLiquid whale, 0x9ee, who is holding a $145 million

long with an unrealized loss of $4.9 million . This investor, who is betting on Ethereum’s recovery to $3,860, stands in contrast to 0x35d1’s bearish outlook, illustrating the split opinions on the current crypto downturn. At the same time, is approaching a key support at $150, with analysts warning that a break below could trigger further liquidations.

This turbulent week has reignited discussions about the dangers of leverage in crypto markets.

across leveraged BTC, , and ZEC shorts, reminiscent of previous major blowups like the $100 million BTC loss linked to “James Wynn.” that significant long-short imbalances, together with technical signals such as Bitcoin’s oversold RSI, point to a fragile market balance. As the sector weathers this period of instability, the interaction between whale maneuvers, liquidity shifts, and retail sentiment is expected to heavily influence the direction of both HyperLiquid and the wider crypto market in the near future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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