The cryptocurrency market experienced significant liquidations totaling $188 million over the past 24 hours, according to CoinGlass data. Long positions accounted for $93.4 million, while short positions saw $94.7 million in liquidations. The largest liquidation was recorded for XYZ:SILVER at $42.7 million, followed by Bitcoin (BTC) at $37.2 million and Ethereum (ETH) at $30.9 million. A total of 80,803 traders were affected, with the largest single liquidation occurring on the Hyperliquid XYZ:SILVER-USD trading pair, valued at $5.4 million. This wave of liquidations highlights the volatility and risk present in the crypto markets.