The cryptocurrency market saw $541 million in liquidations in the past 24 hours, with the largest single liquidation being a $11.08 million long position in HYPE.

According to data monitoring by Coinglass, as reported by Odaily Planet Daily, the total liquidation amount across the network in the past 24 hours was $541 million, including $383 million in long positions and $158 million in short positions. A total of 152,942 people were liquidated in the last 24 hours. The largest single liquidation occurred on the Hyperliquid platform's HYPE-USD trading pair, worth $11.0805 million.