Hyperliquid Founder Slams Exchanges for Hiding Liquidation Data
Hyperliquid founder Jeff has accused centralized exchanges of systematically underreporting liquidation events, distorting market transparency. Even during mass liquidations spanning thousands of positions per second, platforms allegedly display single-digit figures—potentially obscuring true market risk by two orders of magnitude.
The practice creates artificial calm in volatility metrics, misleading both algorithmic traders and fundamental analysts. Market participants relying on these sanitized feeds risk mispricing assets during periods of extreme turbulence.