Hyperliquid Founder Accuses Binance of Underreporting Liquidations by a Factor of 100

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 13 2025

XVS-4.438%

BNB-2.799%

HYPE+1.1800001%

Should l Buy XVS?

Liquidation Data Discrepancies: Over 1.6 million traders were liquidated in a single day, leading to an estimated $19.1 billion loss, but industry insiders, including Hyperliquid's co-founder Jeff Yan, claim centralized exchanges like Binance underreport these figures, potentially by as much as 100 times.
Philosophical Divide in Crypto: The debate intensifies between two camps in the crypto community: one advocating for complete on-chain transparency, as exemplified by Hyperliquid, and the other prioritizing user protection through managed systems, as represented by Binance's approach.

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Technical Analysis for XVS

Technical Sentiment Analysis for Venus (XVS) As of , Venus (XVS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XVS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XVS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Venus (XVS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.835	2.308	2.845	3.318	3.855	4.328	4.865
Fibonacci	2.308	2.693	2.932	3.318	3.703	3.942	4.328

About XVS

Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments—including adding new collateral types, changing parameters and organizing product improvements.The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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