Cryptocurrency futures markets recorded $172 million in total liquidations over the past 24 hours, with short positions bearing the brunt at $116 million compared to $56.14 million in long position losses, according to CoinGlass data. Bitcoin accounted for $57.6 million of the total liquidation volume, while Ethereum saw $29.85 million wiped out. The largest single liquidation event occurred on Hyperliquid's BTC-USD contract, reaching a value of $6.35 million.