Hyperliquid’s EWZ Contract Drops 27%, With $14.9M Liquidated

TradingBeats monitoring cited by BlockBeats put the Trade.xyz EWZ contract on Hyperliquid at $32.72, down about 27.22% over 24 hours, with roughly $100 million in volume and $32 million in open interest.

Liquidations and rebound

EWZ liquidations totaled about $14.9167 million over the same period, including $14.7275 million from long positions and $189,200 from shorts.

The reported long-to-short ratio rose to 4:1, which the report described as possible dip-buying activity, while EWZ recovered 5.3% over five hours. These are snapshots from a leveraged contract market.

Source: BlockBeats, 2026-10-26 14:05:48 UTC.