The cryptocurrency market saw $541 million in liquidations over the past 24 hours, with the largest single liquidation being a $6.195 million long position in Bitcoin.

According to Coinglass data, 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 $157 million in short positions. A total of 161,961 people were liquidated in the last 24 hours. The largest single liquidation occurred on the Hyperliquid platform's BTC-USD trading pair, worth $6.195 million.