CoinWirtschaft news: data shows that in the past 24 hours, SOPH accumulated liquidations of $91.1 million in total, including $55.1 million from liquidated shorts and $36.0 million from liquidated longs. The overall scale has already exceeded ZEC (about $8.0 million). In terms of exchanges, Binance has the largest liquidation volume, with total liquidations of roughly $49.6 million for both long and short positions in the past 24 hours, accounting for more than half of the total liquidations. Next is Bybit, with liquidations of $15.8 million; OKX has about $10.8 million. From a structural perspective, SOPH experienced a clear two-way liquidation over the past 24 hours: first, a sharp rally squeezed out shorts, and then a quick drop followed by a concentrated liquidation of longs.