According to official data, Hyperliquid's unpositioned squaring contract volume hit a record high of more than $6.70 billion.
On May 11, Hyperliquid said on the social platform that the platform's unpositioned squaring contract volume exceeded 5.60 billion US dollars, a record high.
According to official data, Hyperliquid's unpositioned squaring contract volume hit a record high, exceeding $4.90 billion.
Bitcoin futures unpositioned squaring contracts increased by more than 20,000 BTC in a single day, the largest one-day gain since June 3. The total number of bitcoin unpositioned squaring contracts has reached $42.60 billion. High position squaring contracts can lead to increased volatility, especially when the contract is about to expire. Traders may rush to position squaring, rollover or adjust positions, which can lead to large price swings.