Institutions face liquidation and heavy losses, HIP is forced to take over nearly $100 million in long positions—is ETH about to face another round of "stampede" selling pressure?

BlockBeats news, November 9th: In the early hours of today, two ETH long positions on Hyperliquid, suspected to be linked to the same institution, were forcibly liquidated, with a total liquidation amount of approximately $118 million and trading losses of about $27.18 million. HLP took over approximately $87.27 million of the positions and sold them all after the rebound, making a profit of about $1.975 million. During the same period, the ETH price on Hyperliquid plunged nearly 5% within 1 minute amid panic selling.

This round of liquidation may not be over yet. The same associated account network still holds sizable BTC and ETH long positions, and the account margin buffer is already quite limited. If BTC and ETH continue to fall, when will these long positions worth hundreds of millions of dollars bring a new round of selling pressure to the market?

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