The cryptocurrency derivatives market experienced significant turbulence, with total liquidations reaching $332 million in the past 24 hours, according to MyToken data. Bitcoin (BTC) futures led the liquidations with $187 million, while Ethereum (ETH) futures saw $835.725 million in liquidations. Solana (SOL) and XRP futures also faced substantial liquidations, totaling $124.335 million and $23.707 million, respectively.