# Hyperliquid liquidation — X 热门讨论 (2026-09-18 12:49 UTC)

## @MBxxvv (MB.hl) · 09-18 10:28 · ♥45 ↻2 💬8 Hyperliquid just made HYPE and BTC more capital efficient.

Manual borrows let you use HYPE or BTC as collateral to borrow USDC/USDT without selling your position.

One important detail: 100% Health Factor stops additional borrowing, but liquidation uses separate thresholds with 82.5% for HYPE and 75% for BTC.

Hold your assets, unlock liquidity, deploy capital elsewhere. > 引用 @HyperliquidX: Manual borrows are live on Hyperliquid Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.

Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization. https://x.com/MBxxvv/status/2100894741009248557