Global crypto futures liquidations reached $54.16 million over the past 24 hours, according to CoinAnk data. Short positions were hit hardest, accounting for $36.52 million of the total liquidations, while long positions saw $17.64 million. Bitcoin and Ethereum were the primary contributors, with $38.98 million and $79.56 million in liquidations, respectively. Traders are closely watching market volatility as they navigate futures strategies.