# Hyperliquid liquidation — X 热门讨论 (2026-09-18 09:33 UTC)
## @Brookwhale (Brook) · 09-18 08:08 · ♥54 ↻8 💬39 been looking into @BounceTech and the trading competition is actually a pretty interesting way to test the product.
Bounce turns Hyperliquid perp exposure into on chain leveraged tokens.
you can choose an asset, go long or short, pick your leverage, and hold the position as an ERC-20 in your wallet.
the difference from a normal perp is that you’re not managing a liquidation price yourself. Bounce rebalances the backing position around the target leverage.
and now there’s an actual competition around trading these positions.
buy $100+ of a leveraged token and you’re automatically entered.
so instead of just posting about Bounce, I’m actually using it and competing.
let’s see where the wallet ends up on the leaderboard.
https://t.co/dECcajBXaJ https://x.com/Brookwhale/status/2100859477087977552
## @prufboogie (PRüF) · 09-18 08:10 · ♥42 ↻7 💬18 Bounce Season 1 is live and most people are only talking about the $20k prize pool.
That’s the least interesting part.
Bounce is leveraged tokens on Hyperliquid, you buy an ERC-20 like BTC5L or ZEC5L with USDC.
The protocol sits on Hyperliquid perps in the background and keeps rebalancing so the token stays close to the target leverage.
No margin to manage. No liquidation. The token just lives in your wallet.
That’s why the recent ZEC numbers look insane. Spot ZEC ran hard.
A normal 5x perp would have given you a big number. The Bounce token gave a bigger one because it kept topping the position back up to 5x as it went up.
Same idea works the other way in a clean downtrend.
The catch is also real, if the market chops, that same rebalancing eats you. Volatility decay is not marketing language. It’s the cost of keeping constant leverage.
So the competition is basically a 4-weeks public test of that product.
here is how it actually works:
> No signup, connect wallet on bounce(.)tech, buy at least $100 of any leveraged token after the season started, you’re in.
> Four 7-day periods. Leaderboards reset every week. > Four ways to win each week, $3,500 USDC on the line: -- biggest dollar PnL -- best ROI (need at least $250 cycled) -- most notional volume -- anyone who finishes green splits a pool
> Another $6,000 at the end of week 4
Rekt Gang is giving an NFT to the wallet with the biggest loss, so even the worst trader gets something.
You can hit more than one board in the same week.
Positions you already held before a period starts don’t count from the old PnL, only from the moment that week opens.
Prizes go out in USDC within 72 hours. No claim button.
Week 1 is already running. If you’ve been looking at Hyperliquid and wondering what leveraged tokens actually feel like in a live market, this is the cheapest way to find out.
Small size is enough to get on the board @BounceTech cooked
Link: https://t.co/Q7icLlWOGo > 引用 @BounceTech: The Season 1 Trading Competition is live!
$20,000+ in prizes. Rewards every week.
No signup, free to enter, multiple ways to win each week. Get started below. https://t.co/JxOTFQxlN9 https://x.com/prufboogie/status/2100859992383349240
## @DucCryptoX (Duc Crypto) · 09-18 09:01 · ♥34 ↻0 💬30 Gần 280 triệu đô bị thanh lý trong 24h, phe short ăn đủ.
Theo CoinGlass, 24h qua có khoảng 86 nghìn trader bị thanh lý, tổng giá trị gần 280 triệu đô. Trong đó lệnh short chiếm hơn 220 triệu, còn long chỉ mất khoảng 60 triệu, chênh lệch gần 4 lần.
$BTC dẫn đầu với hơn 55 triệu đô bị quét, $ETH theo sau khoảng 50 triệu. Đáng chú ý $ZEC lọt top 3 với gần 33 triệu, ngang ngửa $SOL, dù ZEC không phải cái tên thường xuyên nằm trong nhóm liquidation lớn.
Short bị đốt nhiều hơn long gấp mấy lần nghĩa là phần đông thị trường đang đặt cược giá giảm lại bị bật ngược, không phải kiểu long full đu đỉnh rồi rớt như hay thấy. Lệnh lớn nhất trong ngày lại nằm ở một cặp chỉ số chứng khoán tokenized trên Hyperliquid, gần 6 triệu đô, cho thấy dòng tiền phái sinh đang chảy mạnh cả sang nhóm tài sản ngoài crypto thuần. https://x.com/DucCryptoX/status/2100872727196586360