Looks like all factors lead to hyperliquid being the culprit. This was a crypto black swan. For those of you in spot, ride this out. In 2017 and 2020 both times the market rallied from a similar liquidation type of event. The real top and bear market are still ahead if us. Bull market end in euphoria not belief.(𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰)