Hyperliquid News Today: Concerns Over Altseason Rise Amid Crypto Liquidations and Growing Optimism for 2025 Stimulus

Crypto Market Liquidations Spike as Volatility Rises, Sparking Concerns Over 2025 Altseason

According to Coinpedia, the crypto market saw a massive $801 million in liquidations within just 24 hours, with over $500 million coming from long positions.

— a 2% drop in a single day. More than 154,000 traders were liquidated, deepening the negative mood that has dominated the market for several weeks.

This wave of liquidations has heightened worries about further market capitulation, as

— marking one of its lowest points this year. In the past 41 days, the market has lost over $1.1 trillion in value, largely due to the collapse of leveraged long trades. Experts blame the chaos on a mix of global economic pressures and the unwinding of speculative positions.

Despite the turmoil, some analysts believe there could be a positive turn ahead. The CMC Altcoin Season Index is currently at 30 out of 100, but upcoming global stimulus efforts are seen as possible drivers for a bullish altseason in 2025. The U.S. is planning to issue $2,000 stimulus checks, while Japan and China are preparing economic relief packages worth $110 billion and $1.4 trillion, respectively.

in the near future.

The liquidation wave has affected more than just retail investors. A major trader lost $168 million on HyperLiquid after betting against

, , and ZEC before the market bounced back. , echoing previous high-risk blowups in the market. At the same time, , though the trade is currently down 23.98% and faces liquidation if ETH drops to around $2,908.

This liquidation shock has also put crypto derivatives exchanges to the test.

after a $96.5 million liquidation event — the largest single-day cascade in crypto futures history. Despite recent turmoil, on-chain data shows growing optimism: large holders are accumulating, open interest in HYPE contracts climbed from $1.52 billion to $1.71 billion, and technical signals suggest a possible rally to the $48–$54 range.

Industry analysis points to wider changes in market structure.

in Q3, fueled by decentralized finance (DeFi) platforms such as and Fluid on . Although the leverage-driven selloff at the end of Q3 raised alarms about systemic risks, Galaxy noted that most positions were automatically reduced through exchange risk controls.

As volatility persists, institutional interest in Bitcoin remains strong.

, stating that more institutions now see Bitcoin as a utility rather than just an asset. Meanwhile, on a crypto market bill, could have a significant impact on the industry in 2025.