Over $13 million in HYPE margin calls occurred in the past 24 hours, primarily affecting short positions.

CoinFeed reported on May 24th that, according to Coinglass data, HYPE liquidations reached $13.22 million in the past 24 hours, including $11.74 million in short positions and $1.48 million in long positions, with the largest single liquidation reaching $616,000. Today's HYPE liquidations were primarily concentrated on Binance (49.34%), Hyperliquid (22.56%), and OKX (11.12%), indicating that these exchanges have a large concentration of active leveraged trading.