The Whale Algorithm: Why Extreme Trading Often Happens on Hyperliquid? 》The article compares the differences in derivative trading mechanisms between Hyperliquid and mainstream centralized exchanges. Hyperliquid provides greater flexibility for high leverage and large position trading through HLP vaults, unified margin requirements, non custodial structures, and ADL free mechanisms. Binance and OKX strengthen risk control through graded margin, insurance funds, and automatic reduction mechanisms. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=45513