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 Coinglass data monitoring, the total liquidation amount across the network in the past 24 hours was $541 million, of which $383 million were long positions and $158 million were short positions. A total of 152,942 people were liquidated in the last 24 hours. The largest single liquidation occurred on the HYPE-USD trading pair on the Hyperliquid platform, worth $11.0805 million.