HYPE saw $33.91 million in liquidations over the past 24 hours, with the largest single liquidation at $1.8 million

According to Coinglass data, HYPE experienced $33.91 million in liquidations over the past 24 hours, including $31.82 million in short liquidations and $2.08 million in long liquidations, with the largest single liquidation amounting to $1.8 million. The 7-day average liquidation value remains at extreme levels. Today's Hyperliquid (HYPE) liquidations were primarily concentrated on Hyperliquid (45.11%), Binance (30.35%), and Bybit (6.24%), indicating a significant concentration of active leveraged trading on these exchanges.