Hyperliquid Liquidations Tracker
Liquidations are where leverage meets reality. WhaleMirror tracks Hyperliquid liquidations by coin, flags the biggest wipe-outs and detects cascades — then explains whether a move was driven by one whale or a crowd of over-leveraged retail.
Open the Liquidation Tracker →How liquidations work on Hyperliquid
A position is liquidated when account equity falls below the maintenance margin for that market. Liquidation orders are first sent to the order book; positions that cannot be closed there are taken over by the protocol's liquidator vault.
Because maintenance margin depends on the market's maximum leverage, high-leverage positions sit much closer to their liquidation price.
What the liquidation tracker shows
Today's liquidations aggregated by coin, the single largest liquidation, whale casualties and a cascade detector that spots clusters of forced selling or buying.
AI notes explain each cluster: a chain reaction after a level broke, or scattered chop-driven wipe-outs.
Using liquidation data as a signal
Large liquidation cascades often mark short-term exhaustion — forced sellers are gone once the cascade finishes.
Combine liquidations with funding and open interest: a big drop in OI with extreme funding suggests the crowded side was just flushed.
Frequently asked questions
Where can I see Hyperliquid liquidations?
The WhaleMirror Liquidations page shows today's Hyperliquid liquidations by coin, the largest wipe-outs and detected cascades.
What is a liquidation cascade?
A chain of liquidations where each forced order pushes price further, triggering the next set of liquidations. WhaleMirror flags these clusters automatically.
How is liquidation price calculated on Hyperliquid?
It is the price at which your account equity falls to the maintenance margin requirement. It depends on entry price, leverage, position size and whether margin is cross or isolated.
Related guides
Last updated 2026-09-24. Data from Hyperliquid public APIs. Not financial advice.