← The Polylog Crypto Intelligence Brief
Morning Edition · Thursday, June 25, 2026
Public Liquidations on Hyperliquid Turn Whale Positions Into a Tradable On-Chain Signal
Transparent leverage and visible address trails let traders watch large positions approach their liquidation points in real time, a structural property of fully on-chain perpetuals.
On the on-chain perpetual-futures venue Hyperliquid, large leveraged positions are now visible enough that traders treat their potential liquidation as a signal in itself, CryptoSlate reported. Because the exchange settles positions on a pu…
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