An investor discusses liquidation risks in perpetual futures trading and promotes BounceTech, a platform that converts Hyperliquid exposure into tokens held in wallets, using rebalancing to maintain target leverage instead of relying on exchange UIs. The post notes that while rebalancing helps in volatile markets, it is not risk-free.
Hyperliquid experienced significant liquidations totaling $528 million in 24 hours affecting over 107,000 traders, with the largest single liquidation at $8.53 million. Bounce Protocol offers an alternative by packaging Hyperliquid perpetual contracts into ERC-20 leveraged tokens that eliminate liquidation risk through automatic rebalancing, though users face volatility decay in choppy markets.