According to @MilkRoadDaily, Hyperliquid led the onchain perpetual markets with a 58% share in March. This dominance indicates significant trader confidence and liquidity in the platform, which is crucial for trading price movements rather than the underlying asset itself.

According to Miles Deutscher, Bitcoin weekly liquidations have reached their highest level since the peak of the last cycle in 2021, with over $670 million worth of BTC liquidated in perpetual markets this week.