Cryptocurrency futures markets recorded $86.99 million in total liquidations over the past 24 hours, with long positions bearing the brunt at $52.92 million compared to $34.08 million in short-side wipeouts, according to CoinGlass data. Bitcoin accounted for $13.79 million in liquidated contracts, while Ethereum saw $12.73 million in forced closures. The largest single liquidation event occurred on Hyperliquid's XPL-USD perpetual market, wiping out $1.68 million in a single trade.