Nvidia perpetual futures slide about 3% on Hyperliquid

The xyz:NVDA market drew more than $130 million in volume as traders took leveraged positions on the chipmaker's stock, all settled in USDC Nvidia perpetual futures on Hyperliquid fell roughly 3% over a 24-hour window, according to platform data. The move landed in the xyz:NVDA market, which lets traders bet on Nvidia’s stock without owning a single share. On November 9, 2026, the xyz:NVDA contract lost about 3.1% to 3.3% within a day. Mark prices sat around $180.76 to $180.96 during that stretch. The mark price is the reference value an exchange uses to judge whether a leveraged position is still healthy. If that number moves the wrong way, positions can be liquidated even when the last traded price looks fine. Activity was busy.

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