The cryptocurrency market experienced $161 million in liquidations over the past 24 hours, according to Coinglass data. Long positions accounted for $84.66 million, while short positions totaled $76.34 million. Bitcoin saw $29.86 million in long liquidations and $32.35 million in short liquidations. Ethereum followed with $17.26 million in long liquidations and $18.67 million in short liquidations. A total of 75,368 users were liquidated globally, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair, amounting to $8.65 million. This highlights the volatility and risk present in the current crypto market environment.