The cryptocurrency market experienced significant liquidations totaling $404 million in the past 24 hours, according to CoinGlass data. Long positions accounted for $220 million, while short positions saw $184 million in liquidations. Bitcoin (BTC) led the liquidations with $181 million, followed by Ethereum (ETH) at $95.3753 million. A total of 101,201 traders were liquidated during this period, with the largest single liquidation occurring on the BTC-USD pair on Hyperliquid, valued at $6.6294 million. This wave of liquidations highlights the volatility and risk present in the crypto markets.