Chip-stock derivative traders lost $52 million in 10 minutes on Binance and Hyperliquid during U.S. market closure.
DeFi & Yields ·
Traders lost $52 million in chip-stock derivative positions across Binance and Hyperliquid within a 10-minute window while U.S. equity markets were closed. The sharp liquidations occurred on both the centralized exchange and Hyperliquid's on-chain perpetual futures platform during the trading gap.