PANews reported on March 11 that, according to HyperInsight monitoring, the largest single liquidation in the past 24 hours occurred on the Hyperliquid platform, involving Brent crude oil. An address holding a long position experienced multiple large liquidations during the oil price decline, totaling over $6 million.

The first liquidation occurred after the price of Brentoil fell below $89, with a single transaction size of $3.32 million. Subsequently, as the price further declined to below $87, the address triggered another liquidation, this time for $3.13 million. This series of liquidations made it the largest single liquidation event on the entire network in nearly 24 hours.