The open interest of MU-USDC on Hyperliquid has dropped to $138 million, and long positions are accelerating their liquidation

According to TradingBeats monitoring, the open interest of MU-USDC perpetual contracts on Hyperliquid has dropped to $138 million, a decrease of over 60% from the high of $300 million in July and a new low in nearly two and a half months. In the past 24 hours, MU contract clearing has been concentrated on long positions, with Kvyadav1 clearing $77700, 0x4a... 8f7b clearing $55900, and 0x59... 7716 clearing $55500. At present, the TOP1 address holds approximately 9.65 million US dollars, the TOP5 has a total of approximately 35.92 million US dollars, and the TOP10 has a total of approximately 54.36 million US dollars.