The cryptocurrency market experienced significant turbulence as $524.87 million was liquidated in the past 24 hours, according to Coinglass data. This wave of liquidations affected a wide range of digital assets, reflecting heightened volatility in the market. The liquidations come amid fluctuating market conditions, with traders facing increased margin calls. The data highlights the ongoing risks in leveraged trading within the crypto space, as sudden price movements can lead to substantial financial losses for investors.