BNB liquidations exceeded $12.5 million in the past 24 hours, with the largest single liquidation at $395,000

According to Coinglass data, BNB liquidations reached $12.51 million in the past 24 hours, with short liquidations accounting for $11.93 million and long liquidations totaling $580,000. The largest single liquidation was $395,393. The 7-day average liquidation volume is currently at extreme levels. Today's BNB liquidations were primarily concentrated on Binance (74.01%), OKX (10.54%), and Bybit (5.1%), indicating a high concentration of active leveraged trading on these exchanges.